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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 (15165)	6/14/2004 11:52:01 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

very clearly the Fed is monetizing bonds they are trying to thwart rising rates and are willing to severely hit the USDollar in the process all the bear camp talk focuses on big M3 growth, to bail out carry trade boys but behind the scenes, the Fed & Trez want a lower dollar they want to repair competitiveness and exporters but they dont want the side effects LIKE KILLING THE ECONOMY, BOND MARKET, AND HOUSING !!! notice today a horrendous $48 billion trade gap for April but the dollar rallied, principally against the jyen my guess... cut a deal with Bank of Japan US job = keep rates capped thru quiet monetization BOJ job = keep intervention to put a floor on US$ / jim