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

To: orkrious who wrote (29307)5/4/2005 9:04:21 AM
From: zonder  Read Replies (1) | Respond to of 116555
 
You still can't tell what they are doing behind the curtain, but the second derivative of increasing rates is negative

It sounds like you are referring to rate of increase in interest rates as "second derivatives". That is the only sense I could make of that sentence anyway.

And still, that does not mean a looser monetary policy. It means we will be stuck in the same "restrained" level for a while.


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