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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (5539)	9/1/1998 12:50:00 AM
From: Rocketman	Read Replies (1) of 9719

I think the Fed has screwed up big time in the US. They've been reacting to squealing about labor shortages in isolated boom areas like Silicon Valley, but ignoring the big picture while they excessively fret and worry about non-existent inflation. In the meantime, commodities have dropped like a rock because of slacking world wide demand and we are deep in the midst of deflation and in a recession to boot, but nobody has got the numbers in hand yet to make the calculations to show it. In the meantime, the Fed doesn't meet for another month yet...while Rome burns. And, when they do meet, you can bet they aren't going to drop interest rates, because that might cause inflation. My bet is that they decide they have more of a bias towards dropping rates, but won't actually do it. When they do get around to doing something it will be too little too late. At least prices should start dropping soon! Enjoy the wine, not a bad idea. Rman

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