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To: jmac who wrote (29137)8/11/1999 9:36:00 PM
From: RocketMan  Read Replies (2) | Respond to of 41369
 
I think what the fed is really worried about is the trade deficit, not inflation.



To: jmac who wrote (29137)8/11/1999 11:03:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 41369
 
<<later this year, the fed will inject 50B into the system to ward off Y2K fears>> how do you know this? how do you come up with the nuMber 50 billion. (i agree with your post, though, this 1/4 point is psychological stuff, but why is Greenspan on his crusade against the market if he is going to turn aroudn and flood the marketplacde with money to ward off supersitiosus selling.
IS HE AGAINST IRRATIONAL EXUBERANCE AS WELL AS IRRATIONAL FEAR?
JHG