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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 (6641)1/31/2004 8:48:41 PM
From: yard_man  Respond to of 110194
 
to clarify: Heinz's comments have indicated that he thinks they may goof and raise, but that any rise would be very short-lived.

I'm with you, it is too late in the cycle -- the bust will be apparent well before they can move from
"considerable period" to "patient" to "xxx" to "zzz" to "yyy" to an actual raise

they are out of ammo on the jawboning, though -- time for the dollar to fall out of bed and long rates to dive toward new lows. (AG won't defend the dollar -- what does he care??)