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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (7535)	12/14/2000 10:16:10 AM
From: McNabb Brothers	Read Replies (2) of 13572

Greg, The Fed went neutral the other day when AG spoke. IMO he was setting the stage to possible lower the rate in the next meeting. If he would have lowered in the Dec. meeting without any warning I think it could have scared a lot of people. So after his speech the other day he has the green light to lower next week if he continues to see what I think he is seeing and that is an economy that is slowing very very fast! Look at auto sales, appl. sales, lumber prices, they are all very weak and the first signs of an economic down turn. I will bet when the Christmas sales are looked back on it will be the other shoe that drops! I say there is a very very good chance we will see a rate cut next week! Hank

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