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


To: Softechie who wrote (10879)12/30/2002 1:21:53 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
when US$ falls here, foreigners sell stocks & some bonds

in spring and early summer, the clowny buck fell badly
did anyone notice that stocks hit yearly lows then ???
apparently that one eluded Barfing.com

bonds were beneficiarys when stocks fell in spring/summer
not this downleg for USdollar, no way
this time, we are putting in a double bottom on Trez yield
I focus on the TENyr Note yield, now 3.77%

the most laughable plan I have heard yet is for the USGovt to purchase longend bonds, keeping the rate down, with printed money, which undermines the dollar
they will surely attempt to execute their desperate plan
it will produce very weak results

maybe our lost govt can pay off the entire $6200 billion treasury debt with a spate of new dollar printing !!!

/ jim