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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who started this subject	6/26/2001 7:13:26 AM
From: friverola	of 3536

Is the Consumer still King in the US? Monday June 25, 2001 09.00AM GMT. By Naval Vithalani Fundamental Analyst. geocities.com "Doubtless its not impacting consumer confidence, but we have not seen any serious deterioration in the actions people take" - Fed Chairman Alan Greenspan. This my friend are the words of a the most respected man, indicating that sees further weakness down the road. My bet is that the FED will go for a 50 basis point cut tomorrow i.e.27th June 2001. The Greenspan Federal Reserve has been one of the most aggressive off late. Since the start of the year they have reduced interest rates by 250 basis points. Since 1983, this is the first time that the FED' cut rates so quickly. Tomorrow, the markets, people and time will stand still to hear what Mr. Greenspan has to offer for the summer. Till date the consumer has helped keep things together and Mr. Greenspan knows the risk ahead. Usually, the consumer spending continues for more than a year from the top of the market and suddenly people are asking today " Is their time up? " Full Text, fxstreet.com

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