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Strategies & Market Trends : Waiting for the big Kahuna
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To: Mephisto who wrote (45961)2/16/2000 3:26:00 PM
From: sandeep  Read Replies (1) of 94695
 
Greenspan doesn't need to raise the rates more. He needs to wait and see if the raises so far will quell inflation.
Raising rates has effects 6-9 months down the line. Shouldn't he wait and see what will happen with the rate increases so far ?
All he is doing is hurting those who are already hurting. If the economy was growing too fast with inflation, CAT will not be half its high.
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