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


To: CalculatedRisk who wrote (7275)2/7/2004 10:20:21 PM
From: mishedlo  Respond to of 110194
 
Britain has been hinting at raising rates!
money.guardian.co.uk;

UK not only hinted, it raised on Thursday. It raised rates and the market yawned!
I was hoping for a discount and did not get any. I think the UK is done hiking.

In the US on the mere change of "considerable period " to "patient" all hell broke loose in the equity markets, treasuries, and Eurodollars. In the UK on a REAL change nothing happened. I bought LSS futures on that non-reaction. The UK is done raising IMO.

Pick any chart and see what happened. - NOTHING

futuresource.com



To: CalculatedRisk who wrote (7275)2/7/2004 10:53:10 PM
From: russwinter  Read Replies (3) | Respond to of 110194
 
<5) Will Europe be forced to cut? Ta da!!!!!!!!!!!!!!! .>

Europe's demographics and thus politics, just don't encourage this, nor do the fundamentals (obviously, given my view an inflation is breaking out). The population is older, and dependent on decent interest rates for their savings pool. The only group that benefits from ultra-low interest rates are the financial apparatcheks, certainly not the people.