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Strategies & Market Trends : ahhaha's ahs

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To: $Mogul who wrote (306)	10/19/2000 8:28:24 PM
From: ahhaha	Read Replies (2) of 24758

That's a smoke screen. He knows the price of oil will fall in coming months. If it rises due to political reasons, the FED must pump, because the rising price of oil is deflationary. This isn't only due to the effect on the Euro, but also the effect on the US economy. Oil isn't surging but the dollar remains in its strong uptrend. This has the effect of causing short rates to drop. The FED thus has latitude to reduce the fed funds rate by 25 basis points. It isn't a matter of if, it's only a matter of when. If the dollar persists at its current rate, the FED could very likely move by late November. The world's central banks can no longer support the Euro except nominally. Stronger measures will be necessary. The only one available which has no negative material impact is the lowering of US rates.

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