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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (71468)2/25/2001 8:55:08 PM
From: B.REVERE  Read Replies (1) of 436258
 
I think Greenie will always defend the bond market in his final decision making process of where rates are headed. As long as bonds react favorably to the cuts, he will continue to try and reflate the economy. If inflation numbers still exist in the PPI/CPI next month, his hands get tied. His job is to fight inflation, not save the equities market.
Of course, if his fair Merriwether friends are still in, he might cut anyway to once again save their asses. Then again, his credibility has been damaged severely, so he's probably calling Hillary's broker right now and loading up
on Euro$ for his next surprise 100bsp cut.(g)He won't use his own since this way if the Euro goes up or down, he wins
either way.
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