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

To: Mike M2 who wrote (73933)	1/19/2000 9:14:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

William: I see the FED did its normal thing yesterday. Added about 8-9bil in reserves. It will be interesting to see what they do today. With rates about where they want them, if they add, that shows they are still willing and wanting to expand the money supply. The much expected draining has not happened yet - as the demand for money continues to escalate. I dont expect reserve draining to happen with the current FED crew. My prediction still stands interest rates will continue the steady march upwards with long bond at 8% by midyear. Chris P