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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Ex-INTCfan who wrote (21142)11/30/2000 2:15:44 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
tax cut works from bottom up, puts money in JohnQ, JillQ hands
assists consumer spending

rate cut works from top down, aids liquidity in banking/stock arenas
assists investors and stock appreciation

we need both, because the Fed screwed up
last Soft Landing: Asian Meltdown
which ironically, the Fed is given credit for ending
they contributed on large scale toward it
Asian economies were weak and teetering
but the Fed raised rates as a final tweak

/ JW
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