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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (31603)	5/31/2000 12:34:00 PM
From: Crystal ball	Respond to of 50167

The Fed "Greenspammer" Shot all his bullets in a WAR IN WHICH INFLATION NEVER CAME. He is crazy if when he thinks we need a natural unemployment rate of 6%, or his thinking is way to "OLD" Economy to pay attention to anymore. Every Federal Reserve rate hike in interest rates USES UP the Fed's credibility, eventually World Capital Market forces intervene. No Bank needs to "BORROW" from a crazed high rate Federal Reserve Banking System when large cash flows are readily available from large corporate customers in our strong economy or from beaten down currencies like the "EURO". Therefore, there are at most 2 bullets (50 basis points, that is 0.5%) left in the FED RATE HIKE GUN....and if Greenspan uses them to shoot BULLS then he has no Ammunition left thereafter, and then we SHOOT THE LAST BEARS. Unless he is as sadistic to the banks and markets he is concerned with as he is sadistic in trying to create more unemployment for imagined fears of high wage rate inflation, he will not shoot, and even if he does, he will miss his target. Then let the GUNS BLAZE as the MARKETS PUT HIM OUT OF HIS MISERY ONCE AND FOR ALL. With ECNs and Internet Banking, and the NASDAQ linking to the European markets, we are seeing the last days of the "US" Federal Reserve, imho. I am, Truly your$, -Crystal Ball