"John R. Carroll" wrote in message
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"Ed Huntress" wrote in message
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"F. George McDuffee" wrote in message
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snip
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some follow-up on my first response.

Hey, George, I was thinking about you last night at a Christmas party we
attended, held by a guy who's one of the few people who was working for
Cantor Fitzgerald on 9/11 and who didn't die. It was full of Wall Street
types and you can guess what we were talking about. They're all
six-figure guys but I don't any of them are the seven-figure variety.

I spent an hour talking to an old friend who's a bond analyst at
Citigroup -- one of the lucky ones who still has a job there. He used to
be a risk analyst at Moody's.

These are middle-aged guys who remember when it was an honest business,
and they're appalled at what's happening. You would probably still be
there, having fun. d8-)

I hope one of them took a couple of seconds to explain the negative yield
fiasco to you Ed.
It's a perfect example of the incompetence I've come to expect from the
Bush administration.

JC

The good thing about a negative-yield curve is that it means investors still
have a sense of humor. d8-)

(I'm being facetious.)

--
Ed Huntress