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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (67317)2/13/2001 3:40:09 PM
From: martin001  Read Replies (2) of 436258
 
A slow grind down seems more likely IMHO

Greenie sounds like the Fed isnt going to easing too
agressively and believes the economy, while at risk,
should snap back in the 2nd half (?). Which of course
means that the stagflation that I see will be feeding
the fed conflicting pieces of data and in effect
handcuffing them from any cohesive policy. Meanwhile
the market will suffer the same uncertianity and
all the while grind lower and lower.
a BK needs an outside catalyst IMHO. Of course the
possibility does exist.

M
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