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

To: Jorj X Mckie who wrote (34987)	5/22/2000 7:43:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 63513

Don't get me wrong, I think that the market needed to cool off, but I think that the fed has overcorrected at this point.<< I think excessive interest rate hikes can in and of themselves be inflationary. Especially in a tight labor market. I can just hear it now, "My adjustable rate mortgage has gone up almost $200, I need a raise, Boss." I've never understood why raising interest rates helps to fight inflation. Other than to eventually put people out of business after they've tried to raise prices<gg>