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

To: russwinter who wrote (8226)	2/17/2004 1:05:16 PM
From: yard_man	Read Replies (1) \| Respond to of 110194

>>that renders one percent Fed Funds totally unsuitable<< things are so completely out of whack, Russ. I try not to make "value" judgements ... a bump here is FFs by 1/2 percent would kill our markets dead and there'd be no return. It's dmned if they do, dmned if they don't -- all you can do is watch things implode now. Any short term raise they might do would have to be promptly undone, so they won't do it, I think ... instead we get a relative tightening via others easing ... and we still get the collapse in economic activity -- just a little slower and a little bigger.