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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (1122)7/2/2002 1:31:46 AM
From: surfbaron  Respond to of 89467
 
<<<1990s: Fed lease gold sales subsidized TBonds, #1factor /jw

It just hit me. I have posed this to you before. I never understood why Rubin/Clinton went to short rates in 94. Crowded the living shit out of short rates i.e. up. And the well-hung went down. Your theory about gold makes sense. Rubic gave the bluebloods the keys to the gold house to offset loss of yield on well-hung.