Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: sammaster who wrote (36630)	1/22/1999 1:03:00 AM
From: Bonnie Bear	of 94695

The feds don't seem to care an iota about the deficit. Greenspan was asked about this. It seems that as long as the US can collect enough tax revenue to pay interest on the debt, and keep interest rates down, they are happy. Ever cheaper imports keeps the CPI down, which drives interest rates down, which keeps Greenspan happy. The guy wants zero inflation so he doesn't have to pay out increases for fed retirement benefits, social security and medicare. The dollar will drop against the yen...perhaps against the euro... but IMHO the feds only worry about export trade with Canada and Mexico.

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