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Aberdeen Asia-Pacific Income Fu Message Board

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  • axzl axzl Nov 30, 1999 6:47 AM Flag

    Commentary..high yield market

    plays out the way you have outlined it, and I
    tend to agree with you, what do you think the FED will
    do with interest rates?

    I can see two strong
    forces on interest rates in the U. S; One strong force
    pushing them higher to entice more investment in
    government treasuries to service our debt, but another
    strong force being the FED to lower interest rates to
    pull the economy out of recession.

    Am I reading
    you correctly that you would predict a stagnant
    economy, higher inflation, and higher interest
    rates(stagflation) which would continue to be negative for bond
    holders as well as turning negative for

    Cash would be king again?

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