[lbo-talk] Krugman on interest rate weirdness

Doug Henwood dhenwood at panix.com
Mon Mar 24 20:30:07 PDT 2008


On Mar 24, 2008, at 10:24 PM, Michael Pollak wrote:


> I'm not sure I follow this -- the 1 month T-bill is at 0.5% because
> the
> market expects the Fed funds rate to come down 1.75% in the next
> month?

It's in the calculations - the assumption that the Fed will be pushing short rates down.



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