Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (54227)	8/17/2001 3:02:32 PM
From: yard_man	Read Replies (1) of 94695

If I were in a foreign country holding US treasuries and some other short term highly rated debt what does a 1/2 pt cut in interest rates get me?? I think you are wrong about the economy and wrong about currencies as well -- there may be corrections, but the trend has changed. Glad you've made some money on the Euro -- you best get back in on a correction, IMO. What you are failing to miss is the rapidity with which things have deteriorated and that there aren't the fundamental underpinnings for a recovery. It's not just an inventory adjustment. If it were, a number of companies from across industies would not be laying people off and severely retrnching their capex spending.

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