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


To: HammerHead who wrote (32333)10/25/1998 11:17:00 PM
From: Bilow  Respond to of 94695
 
Hi Robert Hummer; About that Barron's article and the world's reserve banks pushing on strings.

Back during the big depression, in the big effort to end it they managed to get the auction average for 3-month US T-bills down to 0.03%, (annualized!) and the secondary market average down to 0.01%. That's what happens when you try to push on a string...

-- Carl