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To: Moonman62

The yeild curve is meaningless when you look at the current market, with gas, food, and housing doing what it is doing.


69 posted on 08/09/2007 7:46:38 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock
You're like Bernanke. You don't like the yield curve because it doesn't agree with your feelings. Like it or not, it is a market indicator that compares yields of securities at different maturities. An overnight loan should not carry an interest rate higher than a 30 year loan, or any loan of longer maturity. That's what the market says. If you don't agree with it, then you are for government intervention.

Like I said before, the Fed's credit cycle doesn't do anything to stop inflation.

70 posted on 08/09/2007 7:52:19 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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