Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: Les H who wrote (103348)	5/18/2001 6:03:17 PM
From: Les H	Read Replies (3) of 436258

Bankers' real cost of borrowing fast approaching zero ``There is only one scenario to encompass what stocks, bonds and eurodollar futures are doing,'' says Chris Low, chief economist at First Tennessee Capital Markets. ``The euros are telling us the Fed is done. Stocks are telling us we won't see profits for a year. And bonds are saying that inflation is on its way.'' The bottom line is that the Fed is ``fueling inflation in a depressed environment,'' Low says. ``We're going to have no growth and inflation.'' Low thinks Greenspan has become a victim of his own rhetoric. quote.bloomberg.com The leadingest leading indicator of them all ntrs.com

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