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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 (9603)	3/7/2004 2:31:14 AM
From: mishedlo	Respond to of 110194

“Central bankers have a primary goal to protect the value of the currency. We, as a first order of business, ask ourselves, are rates too low? The burden of proof is on the issue of rates being too low.” This guy is talking out of his ass. No wonder people like you are pissed. Protect the currency my ass. He is pissed at Japan for intervening. "Special Case"! Why doesn't someone ask him point blank "what is so FN special?". What is special is that he is purposely trying to debase the US$ and is actually pissed at Japan for stopping him! Look at Snow saying the US has a strong $ policy. If you focus on this horessh*t instead of the repeated harping on jobs, it is easy to be lead astray. That opening statement is disgusting. If the PRIMARY purpose if to protect the currency then the burden of proof should be that rates are TOO HIGH not too low. What a FN moron. This guy has everyone running around in circles and I am quite positive he is trying to get himself fired so he can lay the blame on someone else. His mission now, is to keep this sinking ship afloat until june when he takes his life raft and goes home. Mish

To: russwinter who wrote (9603)	3/7/2004 9:28:01 AM
From: mishedlo	Respond to of 110194

From Rien on the FOOL in reply to Delphi Just in Time Situation ========================================================== Now why does this remind me of derivatives? Seems like the "just-in-time" system that was so widely embraced only really works in a commodity market that has an over supply. Just as the derivative business was develloped in an ever rising dollar supply market. We may now be seeing what happens to the JIT system in a commodities markets with a supply deficit, most probably it will grind to a halt and shut down large parts of the economy. What will happen to the derivatives when the dollar supply slackens (i.e. deflation)? Best, Rien.