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To: yard_man who wrote (408)5/4/2007 2:54:55 PM
From: Real Man  Read Replies (1) | Respond to of 990
 
No, that's a record, I think -g- The Fed is trying to avoid
credit derivative meltdown. It has two choices:
1) let it happen
2) monetarize the bad debt
They chose (2), and it looks like they are much more concerned
about these derivatives blowing up than the dollar at this
point. I believe they will never go with (1), not by their
own will. The market will raise LT rates for them, as the
dollar starts to melt down. I think we are close to that point,
watch it very closely. I believe the 80 support will be
broken within 3 months.