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Strategies & Market Trends : Waiting for the big Kahuna
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To: Brad Bolen who wrote (26859)9/8/1998 11:04:00 AM
From: Philipp  Read Replies (2) of 94695
 

All you guys needed was for Alan G. to say he would simply CONSIDER cutting interest rates.
It was so simple, it makes you wonder why the chap waited so long.


I don't think that today is what Greenspan had intended. I suspect the Fed will take the next opportunity to redirect the attention to some of his more bearish comments. It is actually quite unusual that the Japanese finance minister publicly said today that Greenspan said to him that no interest rate cut was imminent. Very un-Japanese.

Regards,

Phil
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