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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4785)	6/29/1999 10:37:00 PM
From: Andy H	Read Replies (1) \| Respond to of 12475

Hello Ry, I have to plead general ignorance on the foreign matters. Wish I knew the real state of affairs overseas economically to form some opinions. Some things I read talk about recoveries here and there, while others emphasize the lack of recovery or fragile nature thereof. I agree that the Fed could be in a box if things deteriorate overseas. Makes me wonder if we get another rapid October decline for the third year in a row if the Fed hawks are stupid enough to raise twice. Even though everybody seems to say that one or two hikes are priced in and of no concern, these crash type events of the last two Octobers came from unexpected sources. To me, these artificially high rates put pressure on any weak spots in the worldwide financial system. Obviously, it puts extra pressure on most currencies which may have led to both of the October panics. I don't have any opinion on the Euro, but the Hong Kong dollar and possibly the Singapore dollar (or whatever its called) are tied to our dollar so any rate increase has a direct impact there. BTW, I agree completely with today's WSJ editorial page article cited in an earlier posting. I don't trust these gov. statistics at all re productivity. At my real world, I've seen very little inflation on balance for the last 10 years. I haven't bought a new house or car, but with Walmart (a recent discovery for me), online brokers, cheap computers and phones going down, the only things I buy that seem to keep going up are canned goods. So like everybody else, I only buy when they're selling at deep discounts. All these bears that say the gov statistics vastly understate inflation-I don't know what they could be buying. Maybe tickets at taxpayer financed ballparks-no there is some inflation. Legal fees went up, too, but I was a seller of those services <ggg>. Andy