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

To: Paul Chiu who wrote (20304)	10/20/2004 5:03:17 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

Rubin does not want Fed chief spot he wants to assist in the appointment of the next Fed chairman it is a thankless job the Fed has already lost control of monetary expansion 25% of new 2003 money came from new mortgages a hefty %age came from retail deals e.g. cars, electronics, home repairs, appliances, etc he would much rather play the currency carry trade and make a few hundred million$ each year much more fun than working for a living isnt speculation wonderful hey Robert, nice suit / jim