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Technology Stocks : How high will Microsoft fly?
MSFT 476.420.0%11:10 AM EST

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To: Captain Jack who wrote (38183)2/20/2000 4:13:00 PM
From: tonyt  Read Replies (1) of 74651
 
>ed-- yes he has just caused the cost of borrowing to rise by 20% and that will
>compound. The credit card companies have started raising
>rates on previously made balances.

What cc companies charge has nothing to do with the rate changes by the Fed. Morgage rates are effected, not credit cards.

>Remember in '87 it was Uncle Al that caused Black Monday
>and the crap that followed.

...and what about when he lowered rates in the wake of the Asia 'crisis'? I really loved it when he lowered rates in a special meeting on a Friday options epir date!
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