All Clowns Must Be Destroyed 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.

Pastimes : All Clowns Must Be Destroyed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KyrosL who wrote (18399)	3/16/2000 5:56:00 PM
From: pater tenebrarum	Read Replies (2) of 42523

KL, i also think 1/2 point is a fait accompli at this point. everything points to a dangerously overheating economy...and producer price inflation came in at an annualized rate of 12% today. it is nonsense to exclude energy, which only seems to go up anyway, as it will eventually ripple through the whole economy. note that raw materials inflation is at it's highest 12-month rate of change since 1974. either corporate margins will get squeezed mightily, or inflation will finally find its way into consumer prices. if Greenspan persists with his gradualist approach (i hope the stock market disabused him of that), the market will realize that he's not serious about containing anything. in that case i suggest we will see the biggest blow-off of all time, a broad-based incredible advance in prices that will lead the economy over a cliff... it could be that today's action was but a foretaste...i think the market is trying to pre-empt the reaction to a 1/4 point hike, which would do nothing to stop it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next