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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (1906)7/2/1999 2:36:00 PM
From: Jon Stept  Read Replies (1) of 3536
 
Paul, re"... this bias upgrade by the Fed from tightening to neutral..."

Hi Paul,

I wandered in here and saw you thoughtful post.

It reminded me of one of my musings regarding the rate increase, bias and its relation to the recent trillion dollar windfall story.

High stock market means more capital gains, means more windfall, means Clinton and his admin look good. So, a neutral bias may be required to play out this trillion dollar windfall spin, otherwise a negative bias may undermine the spin.

A plausible dynamic... not sure of its impact though... what do you think?

Just my remedial opinion.

Jon :)
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