SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Novell (NOVL) dirt cheap, good buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Matthew Leo who wrote (10398)3/28/1997 10:15:00 AM
From: Janice Shell   of 42771
 
Matt--

Of course interest rates don't. And as you know, my view was that Uncle Alan should have left things well enough alone. But market reaction over the next months isn't something he can control, except by reversing, and he won't do that unless there really is a crash, as it would make it look as if he'd been wrong, and therefore incompetent, and so would damage the credibility of the Fed itself. There were in fact those who before Tuesday's decision were saying that after all the yakking he and other board members had done, they were more or less forced to raise rates or they'd have looked silly.

Just one more reason, in my view, why they should not comment on this stuff in advance: it can rob them of the ability to make decisions appropriate to the moment in which decisions must be made.

And oh yeah, I bet the other G7 guys are plenty pissed off, though they're pretending it doesn't matter. But I'd also guess that Unk's keeping them informed, and trying to smooth things over.

Janice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News