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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (60053)1/20/2001 4:41:24 PM
From: BigBull  Read Replies (2) of 436258
 
I have only one small disagreement with that post. It is wrt interest rates not working.

Imo rate cuts will work one final time because they will be:

1. Worldwide.
2. Massive in scale.
3. Coordinated.

The poor currency traders won't know what currency to short. <g>

Still, it will take much longer than Wall Street is currently projecting. Longer than the 2 qtr blip being thrown about on Wall Street these days. Certainly 100 basis points won't do it. I am looking for something on the order of 300 basis points for US short rates. We've only got 50 in the bank now. Still a long long way to go. We are only in the "discovery phase". ;o}

JMVVHO
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