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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (15236)	6/16/2004 8:08:26 AM
From: gregor_us	Respond to of 110194

Yes, Ild. The Yield Curve Has Remained Crazy-Steep for a long time. This is another way of suggesting (based on your post) that we have long since lost the bond-market as a reliable gauge and predictor of the future. They wrecked it. They killed the Canary. The bond market used to be a beautiful bird who would tell us things. Now it's all shot full of holes and junk food from the BOJ, and the FED, and it no longer means anything at all. Except maybe this: a Tracker index of speculative bets on Fed and BOJ and Central Asian intervention.