RE: Neglected prophets!

[sawicky@xxxxxxxxxx (Max Sawicky)]

. . . The Times reports that with the U.S.
repurchasing Treasury bonds "...the debt securities that remain in the
shrinking market are expected to be much more prone to wild swings in price
and therefore riskier to investors".

It took the New York Times almost a year to discover what was obvious to
Galbraith and myself.

Paul
>>>>>>>>>>>>>>>

By all means let's have more prophesy, specifically
in re: two questions:

1.  Why, in light of the shrinking supply of public debt,
was the recent Treasury bond sale a "disaster"?

2.  Why won't Fannie Mae's and similar stuff become the
new safe harbor?

3.  Why aren't banks begging me to refinance?

regards,
max