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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (40492)	2/17/2000 10:27:00 AM
From: Les H	Read Replies (2) \| Respond to of 99985

Two other Fed members said the same yesterday. At least 75 basis points. They're targeting 6.25% to 7.00% as the area at which it may start affecting consumers. It's possible he may start raising 50 basis points at one or more upcoming FOMC meetings (with the political pressures getting more difficult later in the Summer from the election). biz.yahoo.com

To: HairBall who wrote (40492)	2/17/2000 12:35:00 PM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 99985

LG, I suspect based on AG testimony that even if they will raise rates the FED will still pump money into the system. AG refused to relate to the accelerated growth of the monetary aggregates and caped out by saying the measurements are faulty. Secondly he insisted that not the stock market is the main wealth effect driver but housing prices. Now I would add to that that housing prices are not a part of the CPI or PPI calculation, but some archaic way of calculating rent equivalent based on mortgage rates and not the real market place. There is no question in my mind that AG and his team are not independent and guide their monetary policy in a bizantyne way . BWDIK Haim