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

To: Tommaso who wrote (29320)	5/4/2005 10:21:11 AM
From: Knighty Tin	Respond to of 116555

I remember buying the 12 3/8s of 2013 in the low 90s. The 14s of, I think, 2005 were also near par, though those turned out not to be liquid enough for the huge fund I managed. I took down a brokerage firm bond desk by buying the 14s from them, not knowing they had to short most of them. As I got more experience, I learned to stick to the liquid ones so I didn't wipe out my suppliers. Ah, the good old days of Reaganomics.

To: Tommaso who wrote (29320)	5/4/2005 4:43:24 PM
From: benwood	Read Replies (2) \| Respond to of 116555

I think both the EE bond change and the reintroduction of the 30 year mean the gov't is quite sure that interest rates are going up and staying up. Why else would they do this now? This certainly puts a lot of heavyweights into the cluster across the aisle from Heinz/Mish and a few scattered others. Are they really blowing the long range forecast that badly? Are they so overconfident in their ability to manipulate that they will be taken down by their own interventions, once and for all, dragging the rest of the planet with them? Probably, I think.