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

To: mishedlo who wrote (3713)	4/6/2004 2:44:19 PM
From: russwinter	Respond to of 116555

Well, that perp was an easy one, I called it well before his speech, and early in the day. "So we have old Bill Poole, you know the governor who plays bad cop from the Ministry of Propaganda (oops, I mean Fed). Ole Bill will be speaking about mid-morning Tuesday about "inflation". Since he still has credibility with some of the more cynical members of the cogniscenti, he's got good, soothing words to say to them about this "problem". Message 19993868 I am continually amazed at how different flucht in die sachwerte plays (commodities) go through the roof as soon as the MOP speaks though. I have a new term for it, the Pinocchio influence . Keeping telling big lies, and watch more prices go skyward. Fits well with my other term du jour, FIP (Fed's Fully Funded Inflation Plan). I'm a little surprised at the 41% indirect bidders on the auction. Just couldn't get anyone else to show up I would guess, and the BOJ had to buy it. Maybe nothing much has changed? What will they do starting in July, when they need to finance $300 billion in three months (and during the worst of the Train Wreck), new debt is light right now, tax collection season.