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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (27746)7/23/1999 2:56:00 PM
From: wmwmw  Read Replies (4) of 50167
 
I don't understand the current market. The weakness doesn't smell good. What is that the market are currently worried about? Y2000 problem? Interest rate? I have read the whole AG testimony. Nothing shows a possible new hike. AG was repeatedly questioned why there should be a quarter hike, since his committee predicts a 3.5%-3.75% GDP growth this year, and 2%-2.5% next year, and same low inflation in the next 18 months. It seems selloff on earnings, and inflation, are all excuses. The market is worried about something. But what is that?
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