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Best to see recent post regarding record M3 growth....
implication: huge amounts of liquidity=more money chasing goods and
services=higher inflation=higher interests=lower Eurodollar price.
Again, this is all about the next 3-6 months out.
The fact that Russia is now going along with OPEC is not helping matters
either !
This market should be volatile near term as the market grapples with current
weak economic conditions and future strong conditions.
> -----Original Message-----
> From: qwerasdf12345 [mailto:prog1@xxxxxxxxxxxxxx]
> Sent: Wednesday, December 05, 2001 10:19 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Interest rates and recession
>
>
> March Eurodollar fell out of bed today after the Chicago Fed's
> announcement that the US are (duh) in a recession. I can't see any
> obvious support levels with stops hiding underneath that got hit on
> the way down which would explain the speed of the move.
>
> I would have expected "Fed says it's a recession" leading to
> expectations of lower interest rates and as a result a higher, not
> lower price for the nearby Eurodollar.
>
> Is this an exploitable anomaly or am I missing something ?
>
> Regards,
> Stefan Schulz
>
>
>
>
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