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To: patron_anejo_por_favor who wrote (52051)12/28/2000 7:32:53 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Will there even be a rate cut in January? Jobless claims drop once again:

quote.bloomberg.com



To: patron_anejo_por_favor who wrote (52051)12/28/2000 7:42:28 PM
From: Kona  Read Replies (1) | Respond to of 436258
 
26 to 30% increase in the electric bills should be good for the California economy as well. I'm sure it'll show up as a decrease in the cpi.

sfgate.com



To: patron_anejo_por_favor who wrote (52051)12/28/2000 7:47:40 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
<<Davis came out of yesterday's meeting with Greenspan and Summers declaring that deregulation of wholesale prices and power generation has failed, >>

what deregulation? a market with price caps is now a deregulated market? these statist morons of course have to use this to get their semi-communist propaganda bits in...UFB.

<<Governor Davis, who also met with President Bill Clinton at the White House today, has said he came for support and ideas, not a bailout. >>

ROFLMAO!!!

<<Among the biggest investors in the utilities' billions of dollars in commercial paper are money market mutual funds, which generally hold their investments until maturity. If the utilities default, that could force such mutual funds to show a loss -- an unusual event considering their virtually risk-free portfolio. >>

so which is it now? are they "virtually risk-free" or not? neither regulators, nor anyone else it seems has even the foggiest idea of the turds floating in money market funds...this just happened to highlight a small fraction of the debacle-in-waiting.

<<The Fed, in particular, can't be perceived as bailing out the utilities to save debt holders -- that would only encourage investors to believe that risky investments aren't so risky, economists said. >>

LOLOLOLOL!!! help! i'm hurting! LOL!!!



To: patron_anejo_por_favor who wrote (52051)12/28/2000 9:32:41 PM
From: Tim McCormick  Read Replies (1) | Respond to of 436258
 
It has been weird in the shortterm credit markets this last week. T-bill yields plunged, then came back up. Commercial paper rates soared. Nobody wants to talk about it. I think there are money funds out there about to "break the buck". Tim