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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (95699)4/27/2002 1:12:14 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 132070
 
Tommaso, Re: Grant's recommendation.

Why take the risk. Bill Gross was on Wall Street Week last night and he seems to believe Greenspan can not leave interest rates this low for very long - maybe 6 months or so. The money supply numbers we are seeing seem to be declining and this will probably take care of some problems between now and 6 months from now.

Greenspan seems to be in a box. I liked Fleck's statement on the law suits going on now but, if someone wanted to start a law suit against the Fed he would think about jumping on board. <g>

Joan



To: Tommaso who wrote (95699)4/28/2002 9:56:49 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
T, Borrowing short to lend long always looks good for awhile and always ends up bad. At least Fannie and Freddie can go to Congress and ask them to steal your money when the fit hits the shan. But these guys can't.


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