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To: willcousa who wrote (53128)6/5/2000 6:24:00 PM
From: Ditchdigger  Respond to of 99985
 
"It turns out that the economy must have been slowing for some time before they recognized it" don't know about that, as I said in my post, he mentioned this has only occured in the last few months..Rate hikes take awhile to effect the economy..And I can attest to property values exploding here in Vermont,,average new home being built here(I'm at a ski area) is $600K- that is way to overly inflated for our area,IMO. And there is no question, it is wallstreet profits doing the buying. Reminds me of the 80's boom to bust in RE values here



To: willcousa who wrote (53128)6/5/2000 6:38:00 PM
From: Tunica Albuginea  Respond to of 99985
 
willcousa:" It turns out that the economy must have been slowing for some
time before they recognized it. "

They knew it last Aug. 99, but " he was forced to
raise rates to save Asia and the world "
.
So now we are playing catch up. Thus we may need
?twice the amount of poisonous-drug/Fed-interst-rate-hikes
(all drugs and interest rate hikes are poisonous to some
degree ), to get the job done.
Result? Instead of just sedating an agitated/patient,
with twice the drug, we may now put him (her ) in a coma?

Just pondering,

TA

Message #53128 from willcousa at Jun 5, 2000 6:18 PM ET
This is the typical Fed. It turns out that the economy must
have been slowing for some time before they recognized it.
Thus they have been making un-needed rate increases.