VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: limtex who wrote (39842)	8/6/2001 3:41:05 PM
From: Jim Willie CB	Read Replies (1) of 65232

lighten up, have a lemonade... Fed brakes are on gently they are not on hard they were on hard all last autumn, so now economy pays dearly we have already been thru the economy coming to a screeching halt now the FedGoons are gently touching the brakes as they survey the mindnumbing, colossal, widespread, worldwide damage from the combination of the Post-Y2K Effect and the Federal Reserve's irresponsibly tight monetary policy I think the Fed is in shock and too proud to admit any errors the FedFunds rate is about 30-35 bpts higher than 3-mo TBills thus my interpretation of "brakes on gently" I believe the Fed is reluctant to ease much more they fear the rise of energy prices again the OPEC pharoahs want a higher energy tax now now now / JW

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