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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (112529)5/24/2000 7:54:00 PM
From: Mani1  Read Replies (5) | Respond to of 1570766
 
Ted re <<the feds did not say they would increase rates in June as so many expect....that's the media's interpretation.>>

The fed never says what they will do. What the fed does is give the bias toward any direction. The fed gave the tightening bias in no uncertain term. That is the most aggressive gesture they would take.

It is also worth noting that Greenspan only wanted a 0.25 increase and not the actual 0.50 but he was out voted. I think all the Greenspan haters (not you Ted) should take note of that.

Mani



To: tejek who wrote (112529)5/24/2000 7:55:00 PM
From: Scumbria  Read Replies (3) | Respond to of 1570766
 
Ted,

I don't buy it for a second. In the 1970's OPEC drove the price of oil through the roof, and inflation was over 10%.

In the 80's and 90's oil was cheap, and inflation came back down.

Oil is expensive again, and inflation is creeping back.

The Fed is a bunch of theoreticians playing with themselves.

Scumbria