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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (36378)4/27/2001 9:52:36 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
by increasing money supply while maintaining FedFunds at a higher rate than the 3mo TBill yield, the Federal Reserve has ordained an orderly recovery of sorts, one that will not include an undue unwarranted expansion, but one that will guard against sinkholes of illiquidity

I think he smells a Japan-like situation brewing in our banks though

/ jim


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