John,
I am with ya buddy...all my foreign currency holdings shoot to the moon...keep raising those rates!!!!
If the yield curve goes inverted...watch out lights out.......Not sure what is going on when the overnight rate is 2.50, 30 year is 4.68 and the 10 year is 4.14....seems rather stupid to hold until 30s for a .5 yield gain and 20 years of risk unless if you dump them you will get crushed on currency conversion....the bubble is going to burst and the 30 yrs will get dumped for ones and twos and when that happens watchwhere the dollar does....I am just licking my chops and waiting....the toilet water is spinning...round and round...
index futures are looking a little soft...
MT



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