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


To: Jim Willie CB who wrote (6043)5/10/2004 9:02:43 PM
From: Little Joe  Read Replies (1) | Respond to of 116555
 
"behind the scenes, Fed is monetizing the Fanny hedgebook
if they "leaked" that news out, the US$ rally would fade"

I agree this is likely, but is this a surmise on your part, or do you have sources for this contention.

Little joe



To: Jim Willie CB who wrote (6043)5/10/2004 9:35:04 PM
From: yard_man  Read Replies (1) | Respond to of 116555
 
>>the Fed wants two things: US$ to decline slowly, LT rates to rise slowly<<

I am not sure, I think they may believe LT rates have already risen too much: witness all the talk of raising short term rates which started when LT rates were considerably lower than this