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To: pater tenebrarum who wrote (21476)7/29/1999 10:49:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
I'd heard that they're likely to raise the rates by August and definitely by October. In the second case, they would change the bias to tighten.



To: pater tenebrarum who wrote (21476)7/30/1999 8:49:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
heinz blasnik: Yardeni argues they will hike now and be forced to lower rates sharply by november, due to a Y2K induced financial meltdown

Well, I don't follow Yardeni and I do not know the cause yet, but I do know the effect I am expecting. (I'll leave to the usual assignment of cause or reason, to the talking heads...<g>)

But I agree with Yardeni's expectations.

Regards,
LG


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