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Jesus, Simms!
Why do 1958-level rates spell deflation? Why doesn't it just spell
1958 rates? Did we have deflation in 1958? Was it a depression? Get
a grip on yourself or I'll start a collection to send you to JA-PAN.
You're starting to remind me of Dic Migrain only with less content.
Kent
Wednesday, September 25, 2002, 12:06:57 AM, you wrote:
> 2 year Treasury notes at rates last seen in 1958 !! Hello: can you spell
> D-E-F-L-A-T-I-O-N ???
> The FED can't....they never thought it could happen !! They can't handle it
> !!!
> Why not ? : 30 years of handling inflation....and they don't know what to do
> !!!
> The FED is torn between causing even more of a panic in reducing short term
> rates below 40 year lows....
> and adding more needed liquidity.
> What should we do ?
> Answer: send the FOMC to JA-PAN.
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