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

To: mishedlo who wrote (78605)	5/2/2008 10:10:36 AM
From: Sunny Jim	Read Replies (1) \| Respond to of 116555

Something doesn't smell right. I thought I read that the last auction for $25 billion had bids for $24 billion and went for .1% interest rate. If the banks need funds so badly why are they not clamoring for money at .1%? Any explanations?

To: mishedlo who wrote (78605)	5/2/2008 3:34:15 PM
From: Sweet Ol	Respond to of 116555

I wonder why no one has sued the Fed to stop their illegal actions? Best to all, JRH

To: mishedlo who wrote (78605)	5/2/2008 9:51:55 PM
From: SouthFloridaGuy	Respond to of 116555

Mish, a friend of mine recently defined deflation to me pretty well. Does a Saudi Prince give a crap about whether the price of his dinner goes from $100 to $120 or whether his $5 billion building in NYC is now worth $3.5 billion. The latter being the case, bonds looks like a pretty good investment. Now clearly I and the people on this board care more about whether our dinner goes to $120, but guess what...? We don't count and our net worths are rounding errors compared to the Prince. And that's why we're in DEFLATION.