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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (28340)	9/18/1998 5:45:00 PM
From: James F. Hopkins	Respond to of 94695

Hi Bob; I have no doubt you understand the bond market better than I do. My overview was overly simple, yes a cut in rates is like you say a sign of economic slow down, ( but it always comes after the fact ). I had some bonds a broker advised me to buy, and they did get called, so I came to the conclusion there were a lot of them like that. I stay with a rate cut makes more money available, but will add that money may not show up as available in our economy, how ever I think most of it would. Bond market trading can be every bit as complicated as the stock market trading if not more so, and after that deal I got in I decided to let the experts do the trading, and I bought some PPT and FAX. Lucky for me I got out of FAX before it dropped. Heck I still have some CDs & I don't know where to put them when they come due. I look at them now that the market has tanked and interest rates have gone down and don't feel half as stupid as I did about buying them, but I'm not to interested in rolling them over. -------------------- On the bigger picture, what effect would a cut in rates do in respect to the "tax" collected by the government ? I picture somehow it is all connected but I haven't connected all the dots. Maybe we are not supposed to, and that's part of the plan. <G> ----------------------- All of that aside I have yet to hear a good argument for having a Federal Reserve consisting of a cartel of privet bankers, who are not accountable for their actions. Hell we can't even fire them when they screw up. They call GreenSpams so called reports accountability, but I think they have a warped sense of the meaning of the word. From what I understand we are not even allowed to do and audit on their books. 1913 may some day go down it the history books as the year Americans turned their country over to a gang of international gangsters, and were suckered out of a form of government, were that the people were supposed to control, and in turn were given hegemonic form run by the bankers, but retained the right to vote for ( but only for the lesser of the evils the bankers present us with.) It was just as slick as the way their fore fathers took over the land from the Indians for a hand full of beads. Jim