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To: Oblomov who wrote (67981)	10/12/1999 7:03:00 AM
From: eddie r gammon	Read Replies (1) \| Respond to of 86076

What put a fire up the yellow stuff's butt this morning? kitco.com erg

To: Oblomov who wrote (67981)	10/12/1999 3:28:00 PM
From: BGR	Read Replies (2) \| Respond to of 86076

AA, Domestic politics, ultimately, boils down to resolving socio-economic issues, IMHO. The Govt. has enormous leverage in that front via fiscal and monetary policies. Given the present preference for voters to simultaneously enjoy low taxes and high social benefits, fiscal policy is essentially in a straight-jacket. That leaves monetary policy, which is in the hands of the autonomous Fed. It may be argued that in recent years the US domestic socio-economic picture is more a reflection of monetary policies (job creation via credit availability, for example) than fiscal initiatives (which are getting rarer by the day). Thus, the monetary is the political these days, IMHO. -BGR.