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To: Patrick Slevin who wrote (139501)12/17/2006 7:41:25 PM
From: Galirayo  Read Replies (1) | Respond to of 209892
 
>>Fed appears to believe the economy will continue to lose steam.<<

That Seems to be the Purpose of all the Rate Hiking. Just to bring us ........

"Back to Equilibrium" and not be .. Ack'commode'ative.

or

In other words ... Squash Growth and tighten the Lending Criteria by making Major Banks "Eat" some Loose Loans and add them to their Book of Biz as Reserved Balances .. as an REO.

Or

Get rid of their Reserved Balances thru the Foreclosure Process to further the 'Eating Process'.

Kinda like Rotation ... While all that the same time performing a Devaluation your USD.

Got Boots?



To: Patrick Slevin who wrote (139501)12/18/2006 8:38:54 AM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Sorry, Patrick..missed...and just seeing.... your post of yesterday..

Also, sorry, cannot agree that a climbing M-2 "equates well for both stocks and commodities"...IMHO sometimes does...sometimes doesn't...Depends on what a whole gamut of other relevant factors are doing.

Sticking stubbornly to my bullish outlook..based on the charts..for both USD and interest rates,,,,,,