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Politics : Idea Of The Day

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To: James Strauss who wrote (20706)9/27/1998 3:27:00 PM
From: Sergio H  Read Replies (3) of 50167
 
<I don't think a possible rate cut has anything to do with saving Clinton... It has more to do with propping up deteriorating world markets.>

Jim, if Clinton had his act together and wasn't too busy saying 'I'm sorry' we wouldn't need a rate cut to prop up perception, would we?
You bet your ass this rate cut has something do with saving Clinton's
Presidency. He's not strong enough to do it.

< If we do it first, other countries will follow.>
European nations are not likely to cut rates again as they're striving to form a common monetary unit. Japan's rates can't be cut any further.
Latin America has gone through the rate cuts. Who's going to follow?

<As the earnings start rolling in for the 3rd and 4th Qtrs it will become evident that earnings growth has slowed.>
Yep, in some sectors and nope for others. Sheesh the small caps look great right now. Specially those with little international exposure.
How about biotechs ? They've got no earnings to speak of for the most part, so there's no slowdown to be concerned about.

<And, I think we'll see 1/2 point, not 1/4 point.>
I think that the Greenie got backed into the rate cut. We don't need one and he has to know that. We're going to get 1/4 point is my opinion. Can you imagine what will happen if there's no rate cut ?
LOL

Sergio
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