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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (6075)9/16/1998 8:54:00 AM
From: Joseph G.  Read Replies (1) of 86076
 
<<''Mr. Greenspan has boxed himself into a corner. If he doesn't hint at lower rates, the market will turn vicious,'' said Westfalia Investments research director Peter Cardillo.

Cardillo predicted Greenspan will reiterate the comments he made on September 4, when he said the U.S. cannot remain an ''oasis of prosperity'' in a world experiencing greatly increased stress.

Those words were widely interpreted in the market as a hint the Fed would lower rates if the global situation worsened.

Since that speech, there has been growing speculation G7 nations may be planning some sort of concerted rate reduction. But German central bank President Hans Tietmeyer poured cold water on that idea Tuesday when he said economic conditions around the globe were too varied for a coordinated rate cut. >>

The Euro people said they're not gonna do it, British said they're just not gonna do it, GSpam PR guy has said they are not gonna do it - but the coordinated effort of sucker guides keep suckering the suckers with pipe dreams ...

I think there are 10 born every second, FWIW ...
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