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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (647)2/25/2004 3:09:05 PM
From: Jim Willie CB  Respond to of 116555
 
I give credit to GreenMan for attacking sacred cows

1. federal deficits and excessive spending
2. Fanny Mae and Freddy Mac foundations, audits, oversight
3. Sochacurity and Medicare spending commitments
4. warning of trade protection (not exactly a cow)

being an unworthy knighted icon demigod allows him to say anything he wants to anyone he chooses

next on his agenda (never happen):
A. military spending
B. congressional, military, judicial, burokratic pensions
C. bank system financial derivative pyramid
D. corporate offshore hidden debt
E. line item additions of local pork spending

/ jim



To: mishedlo who wrote (647)2/25/2004 3:35:14 PM
From: CalculatedRisk  Read Replies (5) | Respond to of 116555
 
mish, obviously I think that Fed paper is incorrect, but my guess is the Fed will do the wrong thing!

My guess: when we see a significant drop in New Home Sales (maybe this Thursday, maybe in couple of months) the Fed will start intervening in the 3 year (they will start short and work long).

I still think there will be another bond rally. Hard to believe<g>.