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

To: Wyätt Gwyön who wrote (3245)	3/31/2004 12:31:56 PM
From: russwinter	Read Replies (1) \| Respond to of 116555

<as bonds rallied on the news.> But why, you act like it's the "market"? More accurately the USD is back under pressure, forcing the MOF back into the intervention game (apparently against the wishes of key legislators and the BOJ). Secondly, the Fed added about $10 billion in net OMO. Finally, is the Fed also monetizing now (in the face of tomorrow's PPI report), let's see later in the week? If these rogue authorities weren't so hyperactive with money printing, I'd be more impressed with a "bond rally". I have to ask: could they stay out for even a week, or a few days, without a collapse?