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

To: rolatzi who wrote (4731)	1/10/2004 8:18:39 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

>>. I believe they will keep the economy well afloat until after the presidential election next November. << keeping up only the "appearance" until November is a tall order -- it won't happen, IMO.

To: rolatzi who wrote (4731)	1/10/2004 9:38:58 PM
From: mishedlo	Respond to of 110194

The dump in Oct 87 was caused by a tightening of interest rates. I don't see that happening this year. The Fed and Greenspan will do whatever is necessary to keep interest rates right where they are including supporting long term treasuries by buying them. He and Bernenke have said that much. Despite the continued delcine in the US dollar, long term interest rates have not gone up. Weakness in the economy like yesterdays employment report was greeting with a big decline in interest rates. In addition this is the presidential election year a bullish year in the four year Kitchin cycle. I believe they will keep the economy well afloat until after the presidential election next November. Ro Bingo Mish