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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (38143)	1/26/2000 5:04:00 PM
From: pater tenebrarum	Respond to of 99985

agreed. the wisdom of shifting borrowings from the long to the short end of the curve is of course debatable to say the least. i am also of the opinion that the rosy forecasts of persisting budget surpluses for the next umpteen years have to be viewed with a great deal of skepticism. at the moment the private sector is up to it's eyeballs in debt, while the government boasts a surplus...exactly the situation found at virtually every bubble top in history. usually the surplus projections don't pan out in the end, as they are dependent on a continuation of the asset bubble ad infinitum.