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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Digger Sacket who wrote (7722)	8/12/1999 10:24:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Digger: Re: Batman Piece: "When you couple that with the fact that mortgage rates are up over 8% and the impact that has had on the housing market, the benign producer price number on August 13th and CPI on August 17th lead me to conclude that the Fed does not need to take action on August 24th . However, if they act, it would only be a quarter of a point move without a change in bias." I think this is a classic error in Fed. analysis. It does not matter what you, I or Batman thinks; it only matters what the Green Man thinks. The proper way to analyze the interest rate outlook is to try to understand Greenspan's thinking process and not try to come to some independent conclusion and then attempt impose one's thought process on the Chairman. The Green Man sees the world through none other than his shades alone.