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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (34790)	5/19/2000 9:25:00 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 63513

Here is my conspiracy theory for the day... The fed is raising rates beyond the necessary level intentionally so that they can backpedal and cut rates just in time to cause a memorable rally into elections. By then, everybody will be rolling in money on their beds and nobody will remember April 14 through May 19, 2000.

To: The Phoenix who wrote (34790)	5/19/2000 9:56:00 PM
From: arno	Read Replies (1) \| Respond to of 63513

On what basis can these folks continue to do this.... Well, all along they've been saying it was to fight inflation, but it appears instead, they want to stifle growth and prosperity. Prosperity is a four letter word, I guess. I don't think coastal location has anything to do with it, but it has more to do with on how far removed the decision makers are from real life. arno

To: The Phoenix who wrote (34790)	5/19/2000 10:23:00 PM
From: Doppler	Read Replies (1) \| Respond to of 63513

My personal opinion is that his big mistake hasn't been raising rates. It has been pumping money into the economy at an unheard of, and unhealthy pace. Rising rates don't mean a thing if you are giving people more access to money. There is nothing wrong with prosperity. Wealth creation, job creation, and increased productivity, are all well and good, but when created by excesses of borrowed money they don't matter. Most people I know, whether they are wealthy or just living paycheck to paycheck (as many are), are now running into trouble financially because they have too much debt. That's spells trouble, and is a house of cards waiting to fall. Also, don't believe a word of this BS about no inflation. Look around. Everything except technology costs more these days. But gas doesn't count right. That's what the government says. Tell that to my wallet. My disposable income has been cut into dramatically by rising gas prices. I call that inflation. I wish he had raised rates just a little, while curbing the money supply. Unfortunately he didn't, so I look at the rate increases as a sort of an insurance policy. You pay the price now to avert a complete collapse later on, which is what we will have in my opinion, if we don't take steps to curb these imbalances now. Jeff