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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.17+0.2%Dec 11 4:00 PM EST
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To: Crimson Ghost who wrote (51240)5/19/2000 11:59:00 AM
From: Wayners  Read Replies (1) of 99985
 
The impacts of this move won't begin to show up until mid-2001, at the soonest. Until that occurs, there's little to stop the economy from ripping ahead at the 4.5% growth pace its been on for four years

Because of lag, what else would you expect? There is nothing else that can be done so don't worry about it. Who cares what the growth rate is until the rate moves have their effect. Not only that, the Fed is NOT targeting growth--that's what they've said.

In short, the Fed can ill afford the luxury of waiting for the lags to play out.

Is this guy huffing propane? Do you see this guy's logic? What a dope to think that additional rate hikes now would somehow make the lag disappear. You could raise short term rates right now to 15% and you wouldn't see the effects of that still for 12 months--and those effects would be catastrophic and take a decade to reverse. What an idiot. Glad he doesn't work for the Fed.
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