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

To: mishedlo who wrote (4330)	1/3/2004 10:04:30 PM
From: philv	Read Replies (4) \| Respond to of 110194

The lower the dollar goes, the more they buy. Full list of foreign holding of US treasuries to Oct./03 treas.gov Pretty sweet deal for the US. If I could pull something like that off, I would be bragging.

To: mishedlo who wrote (4330)	1/4/2004 8:11:23 AM
From: russwinter	Respond to of 110194

<Greenspan was just babbling.> I read the transcript carefully (and painfully) a second time, and must admit, it's almost all babble written by a sycophant, apparently for consumption by other sycophants. As others have posted (Jay really hit it), mostly a bunch of lame excuses. One could conclude just about anything (or nothing) from it. There are some parts (that I posted)that seemed to me to be preparing the market for an inflation fight, but nothing was clear, crisp and concise about it. About the worst communication style imaginable for an individual like me to grasp. Next time he speaks, I think I'll just totally pass. If I were ever in the same room with the guy, I'd have to get my 2 by 4 out, and whoop him upside the head.