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

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:14:42 PM
From: patron_anejo_por_favor	Respond to of 116555

<< believe that it will eventually lead to competitive devluations by Europe and other nations>> Yay! A race to the bottom is fun isn't it? Kinda like competing in the luge, without a helmet or a sled......<G>

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:42:11 PM
From: mishedlo	Respond to of 116555

Very interesting suggestion Mish and very plausible too. I believe that it will eventually lead to competitive devluations by Europe and other nations who are going to get affected by the current US devaluation. It looks like rising interest rates, should they get out of control, will be the grim reaper for real estate. Thanks Mish

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:47:37 PM
From: mishedlo	Respond to of 116555

Fed funds futures unchanged, see 80% odds for Dec. hike Wednesday, November 10, 2004 8:14:39 PM afxpress.com CHICAGO (AFX) -- Short-term interest-rate futures contracts traded on the Chicago Board of Trade were little changed in the wake of the Federal Reserve's latest quarter-point rate hike and statement. The market is still telegraphing 80 percent odds the U.S. central bank will raise its target lending rate to 2.25 percent at its Dec. 14 meeting, roughly the same odds priced in since a strong October payrolls report. The futures markets see about a 69 percent chance the target moves to 2.50 percent at the Fed's Feb. 2 meeting, the same odds priced in earlier Wednesday. The futures market predicts a pause in March but puts strong odds on another hike after that, bringing the target rate to 2.75 percent by June.

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:51:09 PM
From: mishedlo	Respond to of 116555

Fed done for now, Argus economist says Wednesday, November 10, 2004 8:13:13 PM afxpress.com WASHINGTON (AFX) -- The Federal Open Market Committee's rate hike Wednesday "may be the last for a while," said Richard Yamarone, chief of economic research at Argus Research. "Traditionally, the Federal Reserve doesn't boost interest rates during its December meeting," he said. The Fed's goal is "to get monetary policy back to a more neutral level," which Yamarone said in the current "ominous economic environment" is a real fed funds rate of zero. "The Fed has achieved a neutral, and still accommodative, monetary policy," he said. LMAO

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:53:07 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Lehman now sees more Fed rate hikes coming Wednesday, November 10, 2004 7:58:41 PM afxpress.com WASHINGTON (AFX) -- Lehman Bros. economists now see the Federal Open Market Committee raising rates again in December and once more each quarter next year, two more rate hikes next year than they had been forecasting. Lehman also boosted its 2005 gross domestic product forecast by 0.2 percentage points to 3.5 percent. Lehman expects the yield on the 10-year Treasury to remain near 4.4 percent until June before rising to 5 percent by the end of 2005.

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:55:43 PM
From: mishedlo	Respond to of 116555

Economist: No time to pause for the Fed Wednesday, November 10, 2004 7:58:03 PM afxpress.com WASHINGTON (AFX) -- The Federal Reserve's decision to raise the key federal funds rate to 2 percent and the Federal Open Market Committee's accompanying statement are clear signs that Federal Reserve Board Chairman Alan Greenspan and his colleagues have not given up on their commitment to gradually make money more expensive, said Joel Naroff of Naroff Economic Advisors in Holland, Penn. "Those who thought they might pause now (and hold rates steady) have to take pause themselves," Naroff said

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:56:54 PM
From: mishedlo	Respond to of 116555

Economist: Unchanged statement equals unchanged policy Wednesday, November 10, 2004 8:12:08 PM afxpress.com WASHINGTON (AFX) -- The remarkable similarity in the Federal Reserve's most recent statement to its statement from late September signals that the nation's monetary policymakers have not changed their thinking in the intervening seven weeks, said Robert Brusca of FAO Economics in New York. "You'd have to go way out on a limb to say the Fed was markedly going to change anything," Brusca said, adding that the U.S. central bank has made it clear it would gradually raise interest rates

To: SouthFloridaGuy who wrote (15422)	11/10/2004 3:59:56 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Fed signals December rate hike: Refco´s Malpede Wednesday, November 10, 2004 7:44:23 PM afxpress.com Fed signals December rate hike: Refco's Malpede CHICAGO (AFX) -- "The Fed did what was expected and my read is it was an optimistic statement that suggests another rate hike in December," said Mike Malpede, currency analyst with Refco in Chicago, in the wake of the Fed's decision to raise its target to 2 percent. The dollar declined in the immediate wake of the Fed's decision but had since firmed against both the euro and the Japanese yen