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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: rails99 who wrote (30417)4/20/2003 4:57:50 AM
From: LLCF  Read Replies (1) | Respond to of 36161
 
< It is only right that the Treasury dept help the Fed to shove investors into low yielding obligations, with little return on equity.>

Yes, the Fed has already been chasing the elderly out of cash for years now... into stocks and whatever else. In a way the Fed is essentially stealing from 'widows and orphans' [with rates artificially low] in an attempt to prop up already overleveraged business. Bad Ju ju IMO.

DAK


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