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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (43794)12/5/2000 11:24:41 AM
From: Terry Whitman  Read Replies (1) of 436258
 
>10:56AM Greenspan Softening : Greenspan is sounding a bit soft on policy stating that credit risk insurance has removed once high-flying dot.coms from the market as firms have trouble raising prices to offset the energy cost rise. The slowing economy leaves a better overall balance of supply and demand as the labor market appears to be loosening. The stock market wealth effect has been largely reversed as consumer demand shifts lower. In sum, a slower economy and the absence of higher prices as the outlook for longer term productivity growth remains optimistic. The Fed chair is still talking but it sounds like a neutral policy risk assessment is two weeks away with
a chance for an ease.<

The fed POOOT is being paraded about. How could anyone have not seen this coming? <g>
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