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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (12426)	3/12/2000 5:56:00 PM
From: Mr. BSL	Read Replies (2) \| Respond to of 15132

I (again) vote for the 50 basis point method for 2 reasons. <g> We should be very careful of what we wish for!!! Maybe I'm dense but I can not for the life of me see the connection between tech security prices and inflation. Wouldn't the money Peter got from selling his Cisco come from Paul's money market account? I guess it scares me when the government tries to influence the supply and demand of the stock market. It was no picnic when Kennedy went after the steel industry. Not only did they get hit, everything else from electronics to bowling stocks got socked too. Oh well. Uncle Al is probably just looking for a scapegoat if the economy tanks on his watch. He can say that greed did it and he tried his best. Exciting times next week with all the data coming out. Dick

To: Wally Mastroly who wrote (12426)	3/12/2000 9:02:00 PM
From: Alan Bell	Respond to of 15132

The issue that I didn't understand about Bob's comments today was his view that Greenspan will base his decision about whether to increase 25 vs. 50 basis points on his focus of the wealth effect in either the S&P vs. the Nasdaq. But the huge GDP growth isn't going away even if the stock market stays flat. Why wouldn't Greenspan target 50 basis points just because of greater than 6% GDP growth? The increases so far have not seemed to slow the economy at all. In '94, interest rates were raised 3% to get the economy in check. Why isn't it going take a similar amount this time? There are only 3 fed meeting between now and the conventions. Will gradualism really be able to work? -- Alan