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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2827)1/3/2001 6:36:21 PM
From: Don Lloyd  Read Replies (2) of 3536
 
Ron -

...I also liked the comment about the Bush economic summit posted here.

My suspicion is that AG had to cut when he did in order to avoid a perception of a loss of independence, risking that Bush's economic summit would result in a public call for rate cuts, putting a big barrier in front of cuts for weeks ahead.

Regards, Don
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