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Politics : Kenneth Starr denies his probe was politically motivated -- Ignore unavailable to you. Want to Upgrade?

To: C Kahn who wrote (104)	6/24/1999 6:20:00 PM
From: Les H	Respond to of 470

Those idiot socialists who liked those "progressive" interest rate cuts are trying to influence the Fed. Who is "many Wall Street analysts"? Those people are paid to push stocks on people. Those same people should also understand that the three interest rate drops last year were not due to inflation but to protect a bond market that was becoming disorderly. The Fed can take back those interest rate cuts if they see consumer spending is leading to excessive growth or to dangerous asset bubbles in stocks or real estate. Negative savings and spending growth in excess of wage growth are two signs. And the asset bubbles in those two markets are already well documented. The Bank of Montreal expects 5 interest rate hikes necessary to slow down the economy to 2-3 percent growth.