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Technology Stocks : Compaq

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To: werefrog who wrote (10839)12/11/1997 10:01:00 AM
From: hpeace  Read Replies (1) of 97611
 
james, that was not the consenus of the fed...
you cannot post that from anywhere.
the fed actually said that the exchange rate issue might allow them to lower rates since assian exchange rate problems lower our inflation.

the talk out of fed from board memebers were that the asain issue might no increase in dec. and maybe a drop of rates in 1q98.
this is really eco 101.
Also, Stedman the ex head of fomc has been on cnbc 2 or 3 imes with the asain issue could mena a drop in rates.

IN SHORT...THE ASIAN FLU WORKS ON INTEREST RATES THE OTHER WAY.
I can post you numerous articles from fed memebers that talked about this...

there are several international macro-eco laws that allow this.
the asian exchange rates amay make things sluggish here and lowering rates would pick them up.
the other is their problem lowers our inflation even more.
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