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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 (12444)	3/13/2000 2:54:00 PM
From: Bald Eagle	Read Replies (2) \| Respond to of 15132

Maybe, I'm dumb, but if the previous interest hikes haven't slowed the economy, why do they think another one will? Also, why slow the economy as long as inflation isn't a big problem?

To: Wally Mastroly who wrote (12444)	3/13/2000 3:08:00 PM
From: Justa Werkenstiff	Respond to of 15132

Wally: Re: Poole: "I don't think that you could say that anything shows up in a statistically significant way as a consequence of previous increases in interest rates. I would not say there has been any significant slowing," Poole said at a panel discussion sponsored by the Common Funds Education Forum." Surprised, Mr. Poole? We have been saying on this thread since last Fall that the economy would not slow. And you are surprised? How can you act so surprised? If stiffs knew the economy would not slow, then where was your head at that time? You and your buddies were so afraid of Y2K that it it caused you to flood the system with easy money and take a pass on a rate hike in late December. You gave us three take-backs and a real quarter point hike and you are surprised nothing has changed except the soaring Naz. And then you come back to us and say: "Duh?" You played Y2K totally wrong. You listened to Yardeni and it now you must try the correct the errors of your way. But maybe the oil market will help you do your work for you. Re: "The Fed's chief concern is that demand in the economy -- fueled partly by an enormous increase in ``paper' wealth from the stock market and real estate market -- is outstripping the capacity to supply goods and services and that this will create inflation. So now you're worried about this? Well, you help to make the mess with easy money so I guess you will have to clean it up. And I guess you are so concerned that you are going to raise margin requirments now, right? Re: "The Fed also fears the country is running out of available workers as a result of that strong demand, and that this may drive up wages and prices." Yeah, a Naz trader/investor retires every day from the supply of available workers. They buy the dip that you have become. How many workers retire for every 1000 point gain in the Naz? And they are all quite grateful to you for this assistance in making it all possible. And there will be many more to come if it is not too late once they get their margin loans accounts into full swing.