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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Pancho Villa who wrote (6834)11/11/1997 8:49:00 PM
From: Carl H. Gotsch  Read Replies (1) of 9285
 
Pancho,

To your analysis that Greenspan will not risk an interest rate hike for fear of further destabilizing world markets, you might add a little political economy. Right now the U.S. needs all the allies it can get. There is a lot of uneasiness internationally about where the U.S.Iraq policy is headed. Despite its vaunted independence, I don't think that will be lost on the Fed entirely. This is not a time to rock the international boat.

--Carl
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