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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Luce Wildebeest who wrote (30360)	1/5/2000 12:59:00 PM
From: MeDroogies	Respond to of 50167

LOL...that's one view.... Of course there is increased demand for credit. But I sincerely doubt this is an indication of Greenspan spiking anything. I bet he wanted to raise rates more last time, and was voted down. That's why I wouldn't be surprised to see rates raised this year. The "vault cash" has already begun to be shipped back to the Fed. That, and fears of increased rates, caused the drop.... Still, one other way to look at it is in cyclical phenomena. The "correction" pattern is appearing on 8/9 month cycles. Aug 98, April 99, Jan 00.....look for it again in Aug/Sept. The currency growth is based on demand for credit....and Greenspan can only react based on what current conditions are. The bubble isn't a currency bubble at all...it is a function of many other factors....a minor one of which is currency.