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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST

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To: ahhaha who wrote (34681)5/31/1999 11:52:00 AM
From: long-gone  Read Replies (1) of 116774
 
<<Lag is accumulating and FED has indicated that they may have to cool reserve creation accordingly. When is indefinite. It depends on the choices of individuals. Will many go out on strike for higher wages? Already there is upward pressure on costs from past settlements which do a good job of hiding costs. When core CPI rises due to absorption of rising wages for three months in a row, fed funds will be allowed to rise. That is at least six months from now. During the interim FED will continue to pump.>>
Truth is, they are pumping up cash portion of M-1 very hard due to Y2k.
They will try to talk things one way and do them the other, Understanding they will have to drop M-2 to make up for greater M-1 so as to keep the whole close to "right".
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