Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: dougjn who wrote (20568)	4/27/1998 8:34:00 PM
From: waverider	Read Replies (1) of 95453

About the rate increase... Remember the assumption is based on the informal vote taken at the Fed which is STILL stocked with folks who learned their economics 30 years ago plus when Keynesian economics and the Philips Curve ruled the roost. The inflation that has supposed to have arrived due to wage pushed is two years late and counting. Alan knows this. He also is the ONE who makes the decisions. Unless he is a believer in the old school (and it appears from his past commentary that he probably isn't), I doubt we will see a rate hike. If we do, it will signal his acceptance of the old ways and THAT will spell trouble. I for one, give him more credit. <H>

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