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To: paul who wrote (30746)4/14/2000 3:53:00 AM
From: Charles Tutt  Read Replies (1) | Respond to of 64865
 
I hope that day comes fairly soon. I think people will be shocked at the amount of tax receipts that pours in to the Treasury in the next few days, which should act favorably on interest rates. I know I just mailed a pretty big check, and I doubt I'm alone. Plus, oil prices should be declining, lowering inflation. Even the Fed will have trouble raising interest rates if commodity prices are falling, making inflation nonexistent, and if the government pays down significant debt with its unexpected cash (making Treasuries scarcer, and hence more valuable, thus implying a lower interest rate).

Hopefully the dips in the past couple of weeks have flushed out a lot of weak money.

But that's JMHO, and I'm no economist.