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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (66008)10/3/1999 11:48:00 AM
From: Giordano Bruno  Read Replies (1) of 86076
 
I'm hoping for a FED relief rally.

... In recent weeks, three small banks -- Keystone Financial Inc., the Regions Financial Corp. and Flagstar Bancorp -- have warned of earnings shortfalls owing to higher rates.

Will rates rise further? "Any time you get a trend reversal in the discount rate, that trend remains in force on average for 14 months," Peabody said. "August represents the first month of a trend reversal."

nytimes.com
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