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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 (30525)	4/13/2005 6:03:44 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

Have to love Paul Kasriel, a clear, linear thinker who can slice and dice the Fed's circular nonsense and babble (opaque in polite circles). Get him on the FOMC for a major breath of fresh air.

To: ild who wrote (30525)	4/13/2005 6:07:31 PM
From: ild	Respond to of 110194

From CI: Minute By Minute, I’ll Be Holding On…Just a two second comment. Unless these folks are simply jawboning, the FOMC minutes released on Tuesday (just prior to the mega reversal in equities) do indeed show a heightened level of concern over inflationary pressures. There’s virtually no chance in our minds that this band of merry pranksters has the guts to pop for a 50 basis point rate increase in either May or June, but it sure seems these minutes put icing on the cake that 25 basis points per meeting is in the cards, despite some softer macro economic news as of late. As you know, the large trade deficit number for February will impact real GDP growth for 1Q negatively, unless something else changes in a big way. If we had to guess, we’d say 3.5% real GDP growth for 1Q at this point. That’s not enough to stop the Fed.