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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (11021)	7/27/2003 6:16:21 AM
From: Sig	Read Replies (1) \| Respond to of 13815

<<I wish I had a scanner so I could post a chart of the assets under management of the Rydex Juno fund, which shorts government bonds. Since I don't, it looks just like a chart of SINO.com or whatever. I mean, it is parabolic, the amount of money leveraged short U.S. and Japanese bonds>>> Keep in mind the Central banks always win. They have to win or all is lost. Does this meant they are leveraged and shorting some bonds? I have no idea how that works or how they work anything for that matter. Perhaps they are planning a very gradual increase in discount rates when the time comes Slow is good, it gives them time to weasel out of tight situations, Slow means banks do not instantly lower their lending rates when the Fed does, gives them extraordinary profits for months, Slow means they held out-of-State checks for 2 weeks before cashing them, and collected the interest for that period, until the law changed. So short if you want. I enjoy the Microsoft trials. Business set the laws and rules, which lets them win. When Bill gates comes along and wins really big, under the same rules , other businesses ( and politicians) get all upset and ask the Government to change the rules, at least for Microsoft. Naturally that could not be down without affecting the advantages in law held by all businesses, or imposing special new rules for MSFT which would be descrimination. Rather an impasse.... Very funny Sig. .