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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (56443)11/28/2001 2:44:05 PM
From: advocatedevil  Read Replies (1) | Respond to of 70976
 
OT - Ya gotta feel for those folks holding Enron shares. 68 cents now! Can you believe it!?

AdvocateDevil



To: michael97123 who wrote (56443)11/28/2001 4:20:44 PM
From: Jacob Snyder  Respond to of 70976
 
re: even the fed don't know:

All that's happened is, the government's attempt to push down LT rates (by stopping sales of 30Y Treasuries) isn't working. LT rates dropped in the first knee-jerk reaction. Once people actually gave a bit of thought to what they were doing, they decided not to be fooled. LT rates follow inflation expectations. LT rates have barely budged, while Fed Funds has gone from 6.5% to 2%.


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