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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (362)	1/23/2003 9:30:01 PM
From: Mannie	Respond to of 1210

I drove by a car lot today with a sign out front that said "Looking for good people with bad credit." Had to chuckle at that one.. scott

To: mishedlo who wrote (362)	1/24/2003 10:36:06 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 1210

a big surprise is coming soon with higher longbond yield a consequence most definitely from the falling dollar here is the ultimate irony it points out why the Fed Monetization effort is futile if the longbond yield remains low (in 4% range), then we are likely to see nothing to stop the dollar from falling further heck, the 3-month yield is falling now, at 1.17% this morning the shortend (cash Trez) and the longend (investment) both fortify the USDollar take away the ability for the market to price in higher long yields, and you remove the very mechanism for stabilizing the dollar at a lower valuation so, the dollar will descend without encumbrance the Fed Incomps might think they can control all the levers my personal take is that they cannot control all, therefore they cannot control any without allowing the interconnected longbond and dollar to be free, something has to give and my guess is that what gives will be both the dollar and gold / jim