SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MikeM54321 who wrote (4058)5/31/1998 11:03:00 PM
From: Zeev Hed  Read Replies (3) of 9980
 
Mike, that observer is absolutely correct. I think that one of Greenspan motivations is a fear of a meltdown. He wants to have the ability to lower rates drastically to counter a precipitous collapse or accident in the market. If he were to lower interest rates to their "normal" premium above inflation (2.5 to 3%), he'd have to lower them to less than 5%. He then may find himself in a box (just as BOJ is finding now), where lowering interest rates no longer have the desired stimulative effect. As long as our high rates do not choke the economy, he does not mind keeping them high. Rubin, on the other hand view any decrease of 100 basis point as saving the treasury $60 Billion bucks a year. I figure that is one good reason to keep the feds and treasury apart.

By the way, YAHOO is not reporting Asian market tonight. I would have guessed that a continuation of the decline should be in progress with the Nikkei once more approaching the 15,300 or so. Anyone knows what is happening in Asia tonight?

Zeev
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News