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To: SOROS who wrote (16969)4/29/2000 2:08:00 PM
From: Dealer  Read Replies (1) | Respond to of 35685
 
MARKET SNAPSHOT



To: SOROS who wrote (16969)4/29/2000 3:51:00 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 35685
 
another economist flawed thinking
"the Gross Domestic Product expected to jump 7 percent year on year this summer"

we just saw GDP drop from 7.3% to 5.4%
watch it come down even more

if so, then FedFunds rate is already now higher than current GDP growth rate

any further tightening by the Fed and presto, excessive Fed policy, economic slowdown, and the prospect of

... moronic Fed attempts to ease interest rates later this year

/ Jim Willie


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