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To: Merritt who wrote (2472)9/3/1998 12:17:00 AM
From: Lucretius  Respond to of 14427
 
Take a look at this. I think this guy has it right. He discusses some of what I've been trying to explain about the Japanese and the huge amount of US treasuries they own.

BTW- I think bonds topped on Tues. get ready for higher rates. The UTIL broke down today and has not confirmed the new lows in long bond yield. BUY GOLD!

nypostonline.com