John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (2404)	6/25/2000 7:56:00 AM
From: Gersh Avery	Read Replies (2) of 33421

Most folks haven't taken the time to think about what the fed is doing. They (the fed) have decided that the economy needs to slow down. And that they intend to raise interest rates until they achieve this goal. So just what does the fed want? Higher unemployment Slower consumer spending Lower consumer credit Higher consumer saving All of these things will lower corperate earinings. They wish to slow the growth of our economy. Everybody thinks "not the company that I own stock in .. just all the others .." Bottom line .. the fed will not stop until earnings growth has stopped. The fed doesn't like low unemployment .. they are not in the baby making business .. so then what they hope to achieve is to lower the demand for bodies to work .. In other words .. cause sales to slow down so that there is less demand for workers. THE TARGET IS TO SLOW SALES I'm not talking about a slowing of growth. I'm talking about negative growth .. declining sales .. this is the fed target. And they will not stop until they get what they want! This is just the start of a bear market .. the fed giveth and the fed taketh away ..

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