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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (53004)1/3/2001 2:32:38 PM
From: sea_biscuit  Read Replies (1) of 436258
 
Good points. I think that the Fed is not so much concerned about inflation as about the need to keep growth going. So we can expect inflation to increase in the coming years. And we can also expect the Fed to understate the inflation numbers, as they have been doing for quite a while now.

Of course, the risk of foreign investors pulling out their investments is always there. So the Fed has to really walk the tightrope on this one. If the foreign currencies also inflate about the same as the dollar, then maybe things will work out.

Whew! Anywho, we got our 1/2 point interest rate cut today -- sooner than most of us expected, and more than a lot of us expected as well. Greenspan is committed to saving the economy, and not the stock market. But these days, a declining stock market automatically implies an economy headed for recession. Whether this will be able to bail the stock market remains to be seen.
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