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To: John Pitera who wrote (23063)4/4/2000 9:46:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 42523
 
>any thoughts on what those Wunderkins at the FED are
thinking? -g-

I think today was just a test run. The fed governors likely met last night and said "Hey, what do you think would happen if we finally turned off that Y2K liquidity floodgate, if just for 1 day?"

Just imagine if those clowns turn it off COMPLETELY, like every ***king fed governor promised to do if there were no problems after Y2K.

Could _this_ be the real Y2K disaster? The fed's premptive strike at y2k turned into a speculative explosion that has sucked in every penny of our nations wealth, and now needs an ever increasing INCREASE of money to maintain stability.

Man, Greenspan is going to be lynched when the average citizen understands what he has done to our country. Can anyone think of ANY way in which he could have been more irresponsible? His only saving grace is the very real possibility that he has become senile, yet nobody noticed that his speeches made even less sense because they were so friggin obtuse when he was still of sound mind that no comparison could be made.



To: John Pitera who wrote (23063)4/5/2000 8:29:00 AM
From: Defrocked  Read Replies (1) | Respond to of 42523
 
Odds are at best 50/50. But prior to
yesterday's volatility some smart bond
houses were advancing the odds of a
Friday hike from "dubious" to "possible"
which may in fact have contributed to
the equity decline.

In terms of the bond market, AG is getting
very high marks. A 25bp rise would not be
the end of the equity world...especially if they
end up doing 50bps in May. Under a gradualist
implementation paradigm (a la Greenspan),
25 bps in April followed by 25 bps in May
would be better than 50 bps all at once.
Its like administering antibiotics....small doses
spread out over time are better than large, lumpy
ones.