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

To: No Mo Mo who wrote (43811)	11/2/2001 12:13:48 PM
From: Jim Willie CB	Respond to of 65232

I need more info on TBond suspension some unprecedented demand in September following attacks FedReserve was selling 3mo TBills for under 1% at one point that is utterly amazing those are not the same security instrument but something whacked out is going on out there back in 1990-91 some strange things occurred with FedRes related to the GulfWar SecyDefense Cheney was in daily contact with Greenspasm some staggering sums of money were being committed and spent at the time, Japan and Saudi Arabia were pledging $200b each now we have both a war and a loose cannon zinger with Japan combined with a dwindling Fed surplus if you exclude SocSecurity, then zero surplus, growing deficit I honestly dont know what is happening need more information sometime in the next few months, I expect a sudden spike upward in interest rates could be from Japan selling could be from econ recovery happening in staccato fashion but I doubt that could be from threats to the oil shipping supplies at terminal depots, at drilling sites, at shipping on seas what many investors dont realize is... if liquidity trap extends to bonds, then sellers will overwhelm buyers and interest rates will rise just like during the Great Depression by the way, 23x as much money was lost last year as in 1929 and current shock waves are NOT over yet Japan might become a serious sucking sewer of capital soon if you have an informative link, much appreciated Barrons didnt have much on this, or else I didnt find it / jim