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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (488)	5/23/2000 10:52:00 AM
From: Tom Kearney	Read Replies (2) \| Respond to of 57684

Important post, Libby. I want to research this subject more, because I think near term it is this activity that will drive the market. My thoughts have been that perhaps to Fed has delibretely over reacted BECAUSE it is an election year, and they want to stay flat at least in the 2nd half, because politically it will be much harder to raise then, if needed. A month ago at Humphrey-Hawkins we saw several congressmen already challenging Greenspan on rate hikes, and this was before the latest .5 raise. The key thing I think will be the next PPI and CPI numbers. If these stay flat and the Fed raises again, a deafening howl of complaints will fill the air. There's a lot of people in Washington running for re-election, and none of them gain if the economy is shrinking. Regards, Tom

To: Libbyt who wrote (488)	5/23/2000 6:24:00 PM
From: Alex Mt	Read Replies (1) \| Respond to of 57684

OT: Libbyt I own a real estate office and the falling market has killed off our high price prospects -- the rising rates are killing our low priced prospects. We have sent the following fax to Bill, All, Hillary, members of Congress, Senate and anyone else we could think of: Dear Mr. Gore: Our less affluent prospective buyers are caught in the administration's relentless pursuit of slowing the economy and the stock market. With interest rates going up many of them are being priced out of the market. Others are afraid to commit to variable mortgage rates because they are afraid of rising rates. Please help our prospective buyers and sellers. Please don't kill the "American Dream." Sincerely Alex Majthenyi cc: Members of Congress, the Senate and the press our prospective buyers and sellers