Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Tech Master who wrote (539)	11/3/2000 8:33:38 AM
From: tradermike_1999	Read Replies (2) of 74559

The main problem with your thinking is that you seem to think that the Federal Reserve is mainly concerned with people being fully employed, the economy growing at large rates, and the stock market going up. That is not their main priority - their main priority is keeping the value of money stable. If that means slowing the economy down and putting people out of work so be it. That's why you had such high interest rates in the early 80s and a recession towards the end of the Bush presidency. For the Fed to lower interest rates now they would have to behave differently than they have since their founding. Also the bond markets are not factoring in an interest rate cuts. No fed officials have come out hinting that they are going to do this. It ain't going to happen anytime soon. - For better or worse, and probably worse. I don't agree with how Greenspan has run the Federal Reserve and think a little inflation is no big deal for the average person like us. But to think that they are going to cut rates is unrealistic in my opinion.

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