Monday, May 23, 2005

Imbalance

Safe Haven | The Stock Market and the Interest Rate "Conundrum"
Another astute Fed watcher, Don Hays, observes that the current divergence between the 90-day T-bill and the Fed Funds rate should be sending a message to the Fed that "enough is enough" and that it's time to stop raising rates. The only question that remains is if Greenspan and Co. will heed the market's message.
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