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To: Raymond Duray who wrote (2091)6/28/1999 10:53:00 AM
From: Lee  Read Replies (1) | Respond to of 6531
 
Hi Raymond,..Re:. OT

Thanks for your remarks regarding the Fed. I agree with you that a 50bp hike would be a warning signal but expect that the 25bp hike is already baked in and has been for awhile. FWIW, I think AG had to strong arm some voting members to get that last 25bp ease last fall and the illiquidity (bond/corporate market) alarmed them the most.

Several references to FFTs are below.

ourworld.compuserve.com

univ-lyon1.fr

altavista.com

Regards,

Lee



To: Raymond Duray who wrote (2091)6/28/1999 1:27:00 PM
From: Keith A Walker  Read Replies (2) | Respond to of 6531
 
For anyone who cares to learn about the Fed:

"Secrets of the Temple: How the Federal Reserve Runs the Country", by William Greider

amazon.com

Don't buy into the doom and gloom hypesters. The Fed can and has learned from past mistakes, especially tightening during the course of a market failure.


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