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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: DD™ who wrote (1451)10/7/1998 10:22:00 PM
From: Surfer  Read Replies (2) of 15132
 
Thanks for the link. My concern is not where the bottom is, but how long will it take to make a new high? Morgan Stanley report says not fast enough.

My other concern is weaker dollar means inflation. If the dollar continues the slide (started today), can FED afford to lower interest rate? What the FED will do? Ignore dollar weakness and inflation consequences and concentrate on preventing recession?

Read 10/3/98, Economist Magazine, Page 83, "American Interest Rates. Turning on the tap."

Everybody is praising Alan G., but the article criticizes him for not turning off the tap years back which would have prevented hedge funds, etc. from going into the splurge, etc. Interesting article.

Thanks.
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