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

To: philv who wrote (5422)	1/18/2004 12:33:35 PM
From: mishedlo	Respond to of 110194

You see all the CBs as equally irresponsible. Perhaps you're right. I respect that you've put your money where your mouth is. Time will tell. I see that all the CB's were irresponsible but more so the FED than any of the others. We should not be at 1% FF rates here. Not even close. That said we are where we are. Right now I think it would be more reckless to raise them than keep them where theey are. That said, IF and when we start to unravel, I see room for more CUTs, no matter how insane looking that is to anyone. From right here right now, if it were me I might do a token 1/4 hike and that would be enough. I might instead just cut money supply via repos. I would not be talking 2% hikes here. More than likely I would just stop repos and the mad infusion of cash. M