Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (4828)	1/12/2004 8:49:18 AM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

Russ, You are funny :0) <<the Fed started leaning toward a bit more responsible behavior>> ... is as likely as ... oh, how shall I put it, ... I am at a loss for words ... no, still nothing ... :0) However <<consider hedging the "anti-debasement play">> ... is good advice.

To: russwinter who wrote (4828)	1/12/2004 8:52:41 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

"For Fiscal 2004—which began in October 2003—if you factor out the $164 billion Social Security surplus, the on-budget deficit will be at least $639 billion, rather close to the modern peak of 6 percent of GDP." slate.msn.com

To: russwinter who wrote (4828)	1/12/2004 9:13:12 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Jay, you might want to consider hedging the "anti-debasement play" with a June 2004 Eurodollar short, just in case what seems so obvious turns out to be mostly moral hazard. As you say, it's the Year of the Monkey, deceiving. Wouldn't the ultimate moral hazard deception turn out to be that the Fed started leaning toward a bit more responsible behavior. That would be a trip. Well My June's are totally off and my Sep's are 70% off. Have a lot of short outs further out but those are deep OTM. M