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Strategies & Market Trends : Waiting for the big Kahuna
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To: donald sew who wrote (28734)9/24/1998 12:40:00 PM
From: P.T.Burnem  Read Replies (2) of 94695
 
The reason why the FED is reducing rates is that the FED feels the the U.S. is not an oasis and that the international economic problems will/has effected the U.S.

That's an excuse. The US economy is doing pretty well, thank you.
In reality, the Fed trying to shore up the world's financial system weakened by the credit implosion in S-E Asia, Russia, Latin America, and recent hedge fund blowouts.

PTB
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