Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

I'd like to point out that the FED doesn't have to raise rates to raise rates. The FED funds rate can stay just where it is, but the yield on the longer term maturities can rise. This can be accomplished through a number of means, and restricting the money supply is one.

In that vein, this link will lead one to believe that longer term rates may be going up.

http://www.fiendbear.com/mgckwand.htm

Either way, long or short rates, both will have an impact on the economy. And the markets.

GT