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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Peter Singleton who wrote (1331)	3/1/1999 12:11:00 PM
From: N	Read Replies (1) of 3536

Peter, check this out... Message 8083653 I agree...the fed's wiggle room is a little tight, but, hey, seems those bandwidths on the aggregates never seem to trouble too much. Does give one nostalgia for Uncle Miltie's simple k percent rule. Sam...agree about the high real interest rates...the fomc minutes have been touting this is their main policy instrument throughout the year...Actually, by doing nothing (leaving nominal rates unchanged) we have been allowing real rates to remain high... Oh well, 50 billion in reserves vs an 8 trillion dollar economy...the signal is the 'coded message!' Nancy

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