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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (70035)	11/3/1999 6:57:00 PM
From: BGR	Read Replies (1) \| Respond to of 132070

Michael, Are you buying QQQ poots or TYX calls based on that thought (that AG does nothing, in response bonds go to 7% and markets tank)? TIA! -BGR.

To: Knighty Tin who wrote (70035)	11/3/1999 7:00:00 PM
From: umbro	Read Replies (2) \| Respond to of 132070

this is from JP Morgan's Fed watcher (Bloomberg): "Persistent strength in demand and rising concern about inflation risks is likely to lead to another 25 basis point rate hike at the upcoming FOMC meeting on Nov. 16. But following this move, which would reverse in full the easing measures taken in response to last autumn's liquidity crisis, the Fed will probably pause for an extended time period....The extent of additional tightening the Fed will opt to put in place next year should depend, first, on the degree to which a developing global expansion and a somewhat weaker currency put upward pressure on final goods prices and inflation expectations, and second, on the pace at which domestic demand and labor markets respond to firmer financial conditions. The still strong growth momentum indicated by recent data and the persistent, if modest, acceleration of upstream prices, point to a likelihood of an additional 25bps rate hike towards the end of Q1 or in Q2." Looks like we could be in for more "tough love" from the Fed. <g>