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


To: mishedlo who wrote (25301)1/25/2005 9:27:29 PM
From: yard_man  Read Replies (2) | Respond to of 110194
 
If the dollar rallies from here -- you watch what happens to rates and the markets. A continued rally in the dollar and we'll get the bond massacre Fillmore and Russ are calling for ...

The Fed may have engineered a bounce to placate their buddies, but they don't want a strong dollar -- far from it -- c'mon -- we all know what John Snow's "strong" dollar policy really means -- wink, wink!!



To: mishedlo who wrote (25301)1/25/2005 11:06:34 PM
From: russwinter  Respond to of 110194
 
<I think the FED has tried to engineer a US$ rally on pure BS so the $ doesn't puke when they pause.>

Since Dec. 8th I'm going to give them a little more credit beyond just the standard MoP BS. As I've always said: follow their actions, not their words, and through today, they simply haven't been running the printing presses to any substantial degree. In fact they have Little Shop of Horror's Audrey on a diet. Maybe it's temporary, time will tell, but could also be a sea change, and that's why I can't completely discount CI's 50 bps scenario.



To: mishedlo who wrote (25301)1/26/2005 7:14:45 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 110194
 
Mish, didn't you expect that the fed would already have stopped tightening after just two or three 25bp hikes? so they are already twice as far along as you expected...