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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (15106)2/4/2009 5:05:12 PM
From: jealous_monk  Respond to of 50562
 
re: ......they chose not to

My take is that they shied away from committing, or even any more jawboning because of the consequences. What I'm trying to get at is that, as we are all aware, the government debt market is the largest bubble by orders of magnitude. A miss step here would have catastrophic consequences.

Obviously, I'm not of the opinion, and that's all it is, that there is no downside to that gambit.

With respect to the bailouts and stimulus bs, the only outcome is disasterous. We cannot borrow and spend our way to prosperity. That play is over.

On another topic, have a look at this.
contraryinvestor.com



To: SliderOnTheBlack who wrote (15106)2/4/2009 10:25:49 PM
From: bmillermn2 Recommendations  Respond to of 50562
 
I've been buying TBT from 42 down and back up. This is a 2-3 year trade. There is absolutely no way they can buy enough treasuries to keep the rates that low while printing money at the same time. While I did fllp 1/3 this a.m., I have zero intention of every being out of this trade. They would need to buy 16 trillion to keep holding the rates as low as they once were at.