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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (5847)	10/15/1998 4:30:00 PM
From: JZGalt	Read Replies (1) of 18928

Lift that cloud of doom I was talking about last week. This is EXACTLY what a federal reserve board should do. Did you read the news item? The cuts were made because: ''Growing caution by lenders and unsettled conditions in financial markets more generally are likely to be restraining aggregate demand in the future,'' the central bank said in a statement. ''Against this backdrop, further easing of the stance of monetary policy was judged to be warranted to sustain economic growth in the context of contained inflation.'' This is the correct policy. In the event of a probable recession and a tight money supply and absent the fear of inflation, you loosen money and lower rates. Great day to be 106% long. Now if the banking reform in Japan is real, I could get really bullish. ;-) ---- Dave

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