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Ira, you will remember that this steepening of the
yield curve was the solution to recapitalizing the banks in the savings and loan
bust and also after the dot com break, a temporary tax as it were.
Bank Credit Analyst worries about the super cycle of debt, the extending of the
long term economic corrections by dampmening/preventing the shorter term cycles
of economic correction thru these tactics. the fear is that when the end
of that super cycle is reached and it concides with a series of smaller time
frame cycles, then no policy will be able to moderate.
So, are we there? or is it different this
time?
what to look at as a general indicator? the dollar?
consumer debt? long bonds?
where is the entry point of no return?
or, is just too far out to be
tradeable?
chasw
rhetorical questions all.
----- Original Message -----
Sent: Saturday, March 01, 2008 6:47
PM
Subject: Re: [RT] m2 monet supply
The Fed is lowering interest rates and the
lending institutions are raising rates.
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