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To: Len who wrote (8826)3/23/2000 9:17:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
potentially explosive Bond market & US currency developments

10yr TNote yield now at 6.04%
30yr TBond yield now at 5.88%

- my guess is anticipated end of Fed rate hikes, crude oil coming back down in price somewhat, no sign of inflation

Germany did not raise interest rates last night, which went somewhat against what was expected
German inflation had ticked upward, leaving most to expect a rate hike

the USdollar has moved up versus an already weak Euro
the USdollar simultaneously moved up versus the dithering JYen

I had warned that if the Federal Reserve goes TOO FAR in hiking rates, expect to see the DIRE consequences with the currency market first, bond market simultaneously, and THEN THE STOCK MARKET

/ Jim



To: Len who wrote (8826)3/23/2000 9:20:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
got my specialized Florida car plates: "QCOM-J"
placed atop the telltale Florida orange
way cool

somebody nabbed "QCOM", anyone we know on the SIBoard?
come on, fess up

Len, I am doing the southern stint now in Florida
new snowbird, eeking out a sunsoaked new daily regimen
/ Jim