A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : A.I.M Users Group Bulletin Board

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LemonHead who wrote (8168)	8/12/1999 10:11:00 AM
From: JZGalt	Read Replies (1) of 18928

LH, There are a number of flaws in this soapbox, but I don't think it is useful to discuss at this time. Author looks like he hasn't studied history or understands the basics of how money flows effect the price of dollar vs. other currencies and how that in turn has an effect on exports. I'd say that Greenspan might raise rates one more time in August, but only because the market is forcing him to. If you look at the history of the fed in the past 12 years there are only a few times when the fed has gone against the will of the markets. The easiest I can remember is 1987, then 1998 when markets around the globe were in turmoil and liquification of the financial system calmed fears of collapse. Of course the fed also has a tendency to "take away the punchbowl" a bit early, but in the long term that isn't particularly harmful. 1/4 point rise in the rate is factored into the market now and it isn't that harmful at this point. As far as Greenspan not being reappointed, the resignation of Rubin at treasury weakened the dems credability on the fiscal side, so I doubt that in front of an election he has to fear for his job. Remember this is a politically appointed job after all. ---- Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next