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Strategies & Market Trends : The New Economy and its Winners

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To: Libbyt who wrote (488)	5/23/2000 10:52:00 AM
From: Tom Kearney	Read Replies (2) of 57684

Important post, Libby. I want to research this subject more, because I think near term it is this activity that will drive the market. My thoughts have been that perhaps to Fed has delibretely over reacted BECAUSE it is an election year, and they want to stay flat at least in the 2nd half, because politically it will be much harder to raise then, if needed. A month ago at Humphrey-Hawkins we saw several congressmen already challenging Greenspan on rate hikes, and this was before the latest .5 raise. The key thing I think will be the next PPI and CPI numbers. If these stay flat and the Fed raises again, a deafening howl of complaints will fill the air. There's a lot of people in Washington running for re-election, and none of them gain if the economy is shrinking. Regards, Tom

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