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To: ild who wrote (198598)	10/18/2002 3:46:49 PM
From: TheStockFairy	Read Replies (1) \| Respond to of 436258

So, are government savings bonds good over the long term?

To: ild who wrote (198598)	10/18/2002 3:49:35 PM
From: ild	Respond to of 436258

Fed's Minehan: Consumer 'May Be Starting To Wobble' NEW YORK -- The U.S. is in the midst of a fragile and uneven recovery, and it continues to face considerable risks with respect to consumer spending, geopolitical events and real-estate activity, said Cathy Minehan, president of the Federal Reserve Bank of Boston, Friday. Minehan's remarks echoed those of other recent Federal Reserve officials, who have suggested in recent speeches and in policy missives from the Federal Open Market Committee that economic risks remain weighted to the downside. Minehan was delivering prepared remarks to community groups in Newburyport, Mass., and she is a non-voting member of the FOMC. "The economy remains a fragile balancing act between resolute consumers and skeptical businesses," said Minehan. "That fragility explains the continued accommodative stance of monetary policy - short-term rates are at historical lows - and the current FOMC statement placing the risks to the economy on the side of weak economic growth," she said. She added that in her view, the role of the Fed now is to "focus on supporting the fragile recovery." Minehan noted that the economy has been resilient in the face of the technology and business investment slowdown, the Sept. 11 terrorist attacks, and corporate scandals. But she added that some of the most supportive parts of the economy - in particular the consumer - may be starting to lose steam. "The consumer, if not the economy, may be starting to wobble," said Minehan, referring to a possible slowing in auto sales this quarter, declining consumer confidence measures, and a sluggish job creation. She also said that other sectors may not come to the rescue should consumer spending slow. "Real-estate investment remains at high levels, but it may be showing signs of stagnation. Government spending remains strong at the Federal level, but weakness in spending at the state and local level may offset that strength. The rest of the world is expected to provide little help." Geopolitical risks of war and terrorism, though hard to quantify, also pose risks for the economy, she added.

To: ild who wrote (198598)	10/18/2002 3:58:35 PM
From: NOW	Read Replies (2) \| Respond to of 436258

Can someone explain Nolandesque what type the specifics of this mean: they may have been one of the large bond sellers in recent days to cover losses?

To: ild who wrote (198598)	10/18/2002 4:12:14 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

ild, Wow, no wonder yields have been getting slimed more than they should. These guys have been dumping mortgages and the street has been hedging with Treasuries, futures and anything they can find. Mortgages are horrible investments. Non-variable, that is.