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B$ The Bell, Friday, February 13


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Nascar Dad comes to Bush's rescue....

 

 

DJ Former Guardsman Says Bush Served With Him In Alabama

Raleigh, N.C.--(AP)--A retired Alabama Air National Guard officer said Friday that he remembers George W. Bush showing up for duty in Alabama in 1972, reading safety magazines and flight manuals in an office as he performed his weekend obligations.

 

"I saw him each drill period," retired Lt. Col. John "Bill" Calhoun said in a telephone interview with The Associated Press from Daytona Beach, Fla., where he is preparing to watch this weekend's big Nascar race.

 

"He was very aggressive about doing his duty there. He never complained about it...He was very dedicated to what he was doing in the Guard. He showed up on time and he left at the end of the day."

 

Calhoun, whose name was supplied to the AP by a Republican close to Bush, is the first member of the 187th Tactical Reconnaissance Group to recall Bush distinctly at the Alabama base in the period of 1972-1973. He was the unit's flight safety officer.

 

The 69-year-old president of an Atlanta insulation company said Bush showed up for work at Dannelly Air National Guard Base for drills on at least six occasions. Bush and Calhoun had both been trained as fighter pilots, and Calhoun said the two would swap "war stories" and even eat lunch together on base....

(Dow Jones Newswire)

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=DJ Treasurys -2: `Burden Of Proof' On Payrolls, Inflation

Dow Jone Newswire

 

Meanwhile, in an interview with Dow Jones Newswires, St. Louis Federal Reserve Bank President William Poole suggested the Fed will be patient in assessing the need to raise interest rates.

 

"Should we get surprises on (inflation), the critical thing...is to figure out if this is a process that's likely to be transitory...or does it look like there will be persistence," he said.

 

Poole's remarks suggest "the burden of proof is still on increases in payrolls and the inflation rate," said Tony Crescenzi, head of fixed income at Miller Tabak in New York.

 

The Fed's stance that it will wait for inflation to show up in the data before touching interest rates is still a strange concept for bond market participants to grasp. Historically the Fed has tried to preempt rising prices by increasing interest rates first.

 

"The difficulty for the market is there really does seem to be a change of thinking at the Fed," said Thomas Girard, senior portfolio manager at Weiss, Peck & Greer Investments in New York, who manages approximately $6.5 billion in fixed-income assets. The Fed "is being a bit more reactionary" to the data now that the inflation rate has fallen to such low levels, he said.

 

"It's definitely a subtle change, but it's a change and it's having an impact," he said.

 

Earlier this week, Federal Reserve Chairman Alan Greenspan assured legislators that the Fed can be "patient" when it comes to an eventual rise in interest rates. His words caused a steep rally in Treasury notes that kept the market on firm footing, even as it absorbed a deluge of new supply.

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B4,

I take it you have a proprietary setup of indicators that show you the windows ......is it something that can be applied over longer periods or is it strictly an intraday thing ?

 

Cheersh, and welcome back :)

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