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To: Investor2 who wrote (6113)9/16/1998 2:06:00 PM
From: yard_man  Respond to of 86076
 
Nothing. -ng-



To: Investor2 who wrote (6113)9/16/1998 2:08:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 86076
 
Don't think it was Rubin/Greenspan - who were just speaking, but:

Message 5765046



To: Investor2 who wrote (6113)9/16/1998 2:11:00 PM
From: MythMan  Respond to of 86076
 
AG not addressing interest rates



To: Investor2 who wrote (6113)9/16/1998 2:12:00 PM
From: Defrocked  Read Replies (1) | Respond to of 86076
 
Money junkies didn't get their "quick fix" from Greenie.
(Sell programs immediately hit the floor)

Now, Beige Book showing some slowdown too.

BTW, got your house hedged??? #reply-5758340



To: Investor2 who wrote (6113)9/16/1998 2:57:00 PM
From: Defrocked  Read Replies (1) | Respond to of 86076
 
I2, I know we've discussed yield curves before. Do you
realize that the 10yr/3mo spread is now only 15 bps??!!

For those you don't follow this spread, the Fed uses it
as a recessionary indicator. When is has gone negative,
10 yr. yields < 3 mo. yields, it has had 100% forecasting
accuracy of a recession within six months(?) if I remember.


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