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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Boplicity who wrote (19026)11/22/2000 7:23:20 PM
From: limtex  Read Replies (2) of 65232
 
GM - Here's the latest - the crash has just begun:-

The Organization for Economic Cooperation and Development said
yesterday that it sees the benchmark Fed funds rate being raised as high
as 7 percent from 6.50 percent currently in a bid to hold inflation at bay.

Economists at Goldman Sachs said late yesterday that they expect the
initial estimate for third-quarter gross domestic product will be revised
down to 2 percent from 2.7 percent. The revised figures, slated for
release November 29, will also show more inflation and smaller profits,
the economists said in a research note to investors.

This is stagflation and it is lethal for markets.

Now what???????

Best regards,

L
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