Re: Re: Re: Re: Re: Re: Re: U.S. Monetary Policy

[Jim Devine]

At 11:34 PM 3/21/00 -0800, you wrote:
>Jim Devine wrote:
> >
> > The Fed is driving up (and tomorrow probably will drive up) short rates
> > while the Treasury is driving down long rates. However, as Ellen notes,
> > there are real limits to this.
>
>The Treasury probably has $220 billion to spend on long bonds between now
>and November.

is this a lot or a little? Tom, I must admit I find your comments on this 
issue to be a bit obscure.

Jim Devine [EMAIL PROTECTED] &  http://liberalarts.lmu.edu/~jdevine