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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (59150)	5/12/1999 2:53:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

MB, Are you putting FNM again? Seems to have topped out...FNMRN?

To: Knighty Tin who wrote (59150)	5/12/1999 3:43:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, >>They have unlimited cash to do this, but they can't do too much without worrying about hurting the dollar or raising bond rates by making the dollar too common. << This gets back to my "psuedo free market" issue. We really don't have free markets. What we have is managed markets. That is until the authorities "manage" us into excesses that blow up. It seems to me that we can count on foreign central banks to support the dollar if it becomes necessary to loosen again. We might also have to count on the Japanese government telling their financial institutions to buy U.S. bonds. Wayne