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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (64)10/2/1997 11:05:00 AM
From: Arthur Tang   of 435
 
The FEDS and the new economy.

A crack in the new economy is propagating. Businesses are squeezed by tight personal credit, caused by FEDS overnight discount rate increase in March. Slowly the new economy slow down then store and restaurants close their business. Now with the Japanese madness of shipping too many cars from japan to stock the automobile lots; the banks with floor plans can no longer support the unsold cars. They are hauled off to the automobile auctions. Banks can lose from 70% to 90% of their money on these floor plans at auctions.

FEDS top down economical policies are too slow to acquire knowledge and too stubborn to change their old ways. The new economy will be destroyed by the FEDS interest rate action.
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