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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Ron McKinnon who wrote (27356)12/20/2000 9:32:27 AM
From: Kelvin Taylor  Read Replies (2) of 53068
 
I will take issue with the tax cut being a problem to the economy. The market is down not due to the government having to little money, but a heavy-handed Fed who simply went to far. AG and the other members of the board have done a brilliant job through the 90's, but got trigger happy by raising rates to far to fast. It was AG who said the market was 40% overvalued and saw to it that the market came down. It is not in the jurisdiction of the Fed to regular free markets. Supply and demand does that. I applaud the tax cut because the people know best how to invest/spend their money not the Gov. Remember the tax-cut in 1981? Help fueled the longest bull market in history prior the 1990s.

Interest rates are high because of AG and aggressive Fed and not a tax cut proposal. The Fed needed to cut rates yesterday to fend off any greater slow down coming in next year. Those who feel they are underpaying taxes can certainly write out another ck and donate it to the US Treasury. I for one want some of my overpayment(the is a surplus meaning more money collected than is being spent) back. It is simply a silly notion to think a refund of overpayment to the taxpayer is a bad idea, IMO.

Bond traders always overreact. A cut in rates would help all the way around. The Fed has a window of op. here to do the right thing and provide a soft landing. TRILLIONS have been lost due to this govt. agency's mistakes. Now is the time for them to try and correct it before the economy gets worse.
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