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Technology Stocks : America On-Line (AOL)
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To: jhg_in_kc who wrote (29136)8/11/1999 9:16:00 PM
From: jmac  Read Replies (2) of 41369
 
I agree with you. There is no way that AG can not raise 25 basis points. The economic news last week showed we were still growing stronger than he would like (I disagree with him). We will get retail sales tomorrow and they should be strong. Housing hasn't slowed yet. And, there is still the PPI and CPI out later this week and next. Don't forget about that strange surprise in the PPi two months ago.

Frankly, I think this 25 basis point here and there is nonsense. i don't think it made any difference when they lowered it three times last year and I don't think it makes much difference here either. It's money supply that made a differnece last year. The Fed flooded the market. And, later this year, the fed will inject 50B into the system to ward off Y2K fears.
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