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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (1598)10/20/2003 2:44:13 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Actually I think I have this Snow stupidiy figured out.

He was giving a reason for the 10 yr and 30 yr to be headed up on his economy BS when it is really going to rise because of credit risks and balance of trade issues.

The affect however was played out in the FED fund and EuroDollar futures, although Bernak and Greenspan will only raise at gunpoint.

Let's see what these clowns say at the next meeting. Probably some more "balanced" BS hoping not to spook either the stock market or the bond market. If that is the case, EuroDollar futures should strengthen IMO.

We will see.

Mish



To: NOW who wrote (1598)10/20/2003 2:47:54 PM
From: TimbaBear  Respond to of 110194
 
yes, as MISH indicated, if you know rates are going up for the wrong reason, try to assign a bogus good reason to make things look rosy for a while...

Sounds to me like you hit the nail squarely with that insight! I agree wholeheartedly. Rates go up due to failing confidence in the US, and the Administration can now say:"Oh no, we knew that the strong economy would raise the rates and we even told you so back in October!"

Good call!

Timba


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