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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Don Earl who wrote (100289)12/15/2008 4:33:50 PM
From: The Reaper  Read Replies (1) | Respond to of 110194
 
It almost appears that every central bank is in a race to see who can get their currency devalued faster. It's all part of the plan from Treasury to get rates down and fast. Reflation is the only way out. If they're threatening to buy 30-year bonds on the open market, their intention is clear. I was long TBT until I got wind of that news. Took a bath. I think they cut .50 for sure and wouldn't rule out .75. It's irrelevant anyway what the Fed does since the market already has fed funds equivalents down to .25% already.