(A response to a comment about Fed policy changes)
On Tue, Mar 11, 2008 at 9:46 AM, Mike wrote:
the dollar may be the buy of a lifetime here….
Right, especially if the Fed cuts less than expected next week, or not at all.
Vicious reversal of commodities, USD, short term rates, but bad day or two for stocks.
This expanded lending facility may also function to increase the supply of short Treasuries for money funds and narrow the Treasury/LIBOR spread and shut up the rocket scientists who say low rates on short term Treasuries are the market screaming for rate cuts.