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Strategies & Market Trends : Waiting for the big Kahuna
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To: Copeland who wrote (28675)9/23/1998 5:13:00 PM
From: Joss  Read Replies (1) of 94695
 
Hi Copeland,

I had a slightly different impression of the "coordinated interest rate cut" that did not happen. I thought that AG wanted to do it but the Germans (who are fanatic on the subject of inflation) said flatly that they would not go along. Following that, I thought that there was an assumption that AG would not lower because of potential effects on the dollar. Perhaps I am incorrect about this.

Steve
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