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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 (12251)	4/20/2004 10:38:46 AM
From: gregor_us	Read Replies (1) \| Respond to of 110194

I See no 25bps Prophylactic Being Marketed At All by the MoP, Russ. On the contrary I see a panicked Fed that is watching the real possibility that the "free" Bond Market will move against them. The message since Parry's interview to the SF Chronicle over Easter weekend has been unified: no rate hikes, no threat of rate hikes, don't even talk to us about rate hikes. It's only the clueless Economists whose job security is best served by ALWAYS remaining deep inside Conventional Thinking, who are calling, predicting, warning of 25bps. Check out this clueless little Lamb from Pittsburgh: I think it's very clear that (disinflation) hit bottom four or five months ago and there is some evidence that prices, for example for energy, are being passed through and are sticking and so are some food prices," said economist Stuart Hoffman of PNC Financial Services in Pittsburgh. He expects a rate hike this summer, likely following the FOMC's Aug. 10 policy meeting, but concedes the timing is hard to pinpoint. "June just seems a little early and waiting 'til after the (Nov. 2) election seems a little too late," he said. Double Max Smirk and a loud Bah-hah-hah-hah