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Politics : Idea Of The Day

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To: Jeff Jordan who wrote (34067)10/3/2000 12:39:48 PM
From: Peace  Read Replies (1) of 50167
 
Jeff,

I think the fed made a mistake with the last 50bp move which some think has not even shown up in the economy and puts the soft landing in jeopardy. I think the soft landing will happen. The fed should ideally reverse that last move but with elections round the corner, we may not see that until next year. NAPM index has been below 50 for two months now which indicates manufacturing is contracting.

Peace
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