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To: Archie Meeties who wrote (59033)	1/17/2001 11:33:57 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

you know what's so funny? lumber's in free-fall, but the GSE's have expanded their balance sheets by 20% in q 3 alone! btw, this lumber chart looks like the NAZ almost...perhaps an obscure, but effective leading indicator? it IS traditionally a leading indicator for interest rates, and similar to the yield curve predicts a DRAMATIC drop in short rates over coming months. what could occasion such a dramatic drop in rates? that's right, the economy going into the tank at breath-taking speed. or alternatively another systemic crisis. anyway, nothing that's considered 'good' by the authorities and masses alike.and just as we got used to the new era and the perpetual boom, and the Greenspan put. if only fate were not so fickle... btw, 'good' and 'bad' are not characterizations that are appropriate when discussing economic downturns imo. 'necessary' and 'natural' do come to mind though. let's wish Eddie all the best...