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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Tom Tallant who wrote (74592)8/18/1999 11:08:00 PM
From: KeepItSimple  Read Replies (3) of 164684
 
>What your missing is that when the dollar falls...interest rates go down..

I'm not missing anything. What you are missing is this:

If the dollar falls, that forces bond yields down. It's the same effect as if greenspan lowered rates himself. Since he is planning on raising rates .25 on the 24th, if the yen keeps rising he will be forced to raise .50 JUST TO HAVE THE SAME EFFECT AS IF HE RAISED .25

So in effect, even if greenspan weren't going to raise rates on the 24th, the rising yen would force him to raise them just to stay FLAT!
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