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To: LLCF who wrote (52982)5/19/2000 10:20:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116912
 
David,

I agree with X-squared that the Fed is creating inflation in foreign currencies. By continuing to bash us with that unwieldly interest rate sledgehammer, he is really weakening the global economic foundation. The Fed can't inflict these kinds of severe prophylactic measures on an economy that constitutes some 33% of global GDP, without reigniting the turmoil that resulted back in 1997 with the Asian Contagion.

And given the size of the current US economy, if we catch a cold, the world will catch pneumonia.

Regards,

Ron




To: LLCF who wrote (52982)5/19/2000 10:20:00 AM
From: Rarebird  Respond to of 116912
 
<We're actually headed for recession pronto>

I think the stock market agrees with you. It appears to still be in the early stages of discounting the 9th recession out of the last 5 real ones.


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