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To: limtex who wrote (33671)	6/30/1999 11:26:00 AM
From: T L Comiskey	Read Replies (1) \| Respond to of 152472

limtex...Re hope Im wrong.....My guts tell me you are Right.....:(...Tim

To: limtex who wrote (33671)	6/30/1999 11:43:00 AM
From: bdog	Respond to of 152472

Dry your eyes Limtex! If this economy is as genuinely and fundamentally robust as you (and I) think, it shouldn't be unduly deterred by .25 hike and a continuing cautionary bias. Again: If it wasn't for Al and Bob, you and most of todays brilliant investors would have hit the ditch long ago.

To: limtex who wrote (33671)	6/30/1999 12:57:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 152472

The problem is that these supposedly wise guys easily overlook all the consequences stemming from their desire to convince the general public that they're doing something useful. For example, higher interest rates will attract more foreign money into Treasury securities, leading to a strengthening of the dollar against other currencies. This will increase our dependence on foreign goods and artificially weaken foreign markets for U.S. goods. It will also encourage investors in countries like Japan to borrow yen at near zero interest rates, and instead of investing it in Japanese businesses, pour it into Treasury securities. This has a negative impact on the key trading nation in Asia and prolongs the agony of recovery that affects virtually the entire Pacific rim. Thus, a stronger dollar is made even stronger by hot money flowing out of Japan. This whole affair makes a strong argument for not fixing what ain't broke.

To: limtex who wrote (33671)	6/30/1999 9:48:00 PM
From: Rick	Read Replies (3) \| Respond to of 152472

"The next few weeks are going to be full of 'bias' , 'Beige Books', Polls of Consumer Confidence', new home sales, old home sales, auto sales, the number of babies being born, the number of men on Viagra, the number of people eating Cheerios, the spending habits of the Man in the Moon, the effect of the Eclipse as it affects the economy, the effect of the Eclipse in two years time all of these just to find any evidence, I mean any , a sniff, a slight taste, a tiny sound, a smidgen, a Quark's worth or the non-existent substance known as inflation." We are ahead of schedule. PBS tonight had a talking head who said over half of all items have had more than a 2 1/2% price increase over the last year, and that only commodities prices have dropped (due to a lack of international demand). And that as Asia and the developing countries recover so will commodity prices. So there. How this correlates with a consensus (and pre-Fed action) 2.1% inflation rate forecast for the year 2000 went unstated. Fred