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To: Lucretius who wrote (96195)4/19/2001 12:40:33 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
not really...the Fed is busy chipping away at its credibility with its ad hoc policies. nothing was gained by this cut...i'm looking at various spread permutations, and i see a credit market that remains deeply distressed, in spite of some instances of heavy debt paper issuance.
of course, the FF rate is going to fall much further imo...i think we'll eventually see 2,5%, if not lower.

more on this later...