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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (115742)6/13/2000 4:25:00 PM
From: Joe NYC  Read Replies (1) of 1579327
 
Jim,

This may work for tech but it doesn't work for a lot of other areas like Real Estate

I think the real estate tax cut is 1 time event that should have 1 time effect on real estate prices. Just like the 1986 tax reform bill that depressed the real estate prices.

To me, the tight labor market is a more important indicator, since it is ongoing.

RE got a tax break so I can't see how AG doesn't raise rates...

I said I don't think Fed is going to raise rates during the next meeting, but if they do raise the rates, it is because they were too slow initially with the wimpy .25 point increases, which prolonged the whole tightening phase.

But OTOH, maybe the prolonged tightening phase will let us avoid the landing (soft or hard), and we will just continue to fly, but at slightly lower altitude, where there is still enough oxygen to breath. If you fly too high, you may run out of oxygen, faint and drop to the ground.

Joe
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