SI
SI
discoversearch

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 : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AllansAlias who wrote (1067)6/28/2000 1:55:00 PM
From: John Graybill   of 436258
 
Of course, some prefer to put all the
economic numbers, models and theories
aside and focus on a more simple indicator to
help them judge what the Fed will do:
Chairman Alan Greenspan's briefcase.

According to Wall Street lore, a bulging
briefcase suggests that Greenspan is packing
evidence to justify a rate hike. A thin bag, by
contrast, indicates that the Fed Chief is
comfortable with the pace of the economy and
is not planning on presenting reams of
statistical data in favor of a rate increase.

Greenspan carried a thin case into the Fed's offices on Tuesday. But before
you run out and refinance your house or purchase that second car, remember
that Greenspan carried a relatively thin bag into the Fed's May 16 meeting -
and the Fed raised rates by half a percentage point that day.

cnnfn.com

cnnfn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News