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Pastimes : A Rate Cut...Would It Help?
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To: GROUND ZERO™ who wrote ()9/23/1998 5:32:00 PM
From: yard_man  Read Replies (2) of 14
 
>>Would it be a coordinated global rate cut?<<

Germany has already publicly said no. Fed has already publicly said no.

>>Is that
what Greenspan meant when he said we can't continue to believe we're an oasis?<<

From his speech it seems to me -- the oasis has to do with economic slowdown -- we cannot assume US will not be impacted in some way.

I'll vote (guess) that a rate cut will come in October or November at the earliest. Near term effect on the market: Negative -- prices already incorporate an expectation of a cut on September 29.
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