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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Spekulatius who wrote (106543)6/5/2001 11:07:00 AM
From: pater tenebrarum   of 436258
 
the FF futures are already pricing in another 50 bp. cut. i concur that we're seeing the Greenboink put's effect. after all, the Fed has in the meantime openly admitted to asymmetric targeting of the stock market.
i believe however that later this year it will become clear beyond a shadow of doubt that broken bubbles can't be 'fixed' by bureaucratic fiat.
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