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

To: tejek who wrote (115718)	6/13/2000 1:33:00 PM
From: chic_hearne	Read Replies (1) \| Respond to of 1578995

Re: This thread's favorite person is on the air...AG....and you can bookmark this post, but I believe he is telling us that the Feds will not be raising rates at the end of this month. ted, I'm watching AG also and I haven't heard anything that leans one way or the other. I think it all relies on the CPI tomorrow. chic

To: tejek who wrote (115718)	6/13/2000 1:53:00 PM
From: EricRR	Read Replies (1) \| Respond to of 1578995

Ted:This thread's favorite person is on the air...AG....and you can bookmark this post, but I believe he is telling us that the Feds will not be raising rates at the end of this month. I agree. He repeated over and over that he believes that the the micro evidence shows that the majority of growth since 1995 was structural, not cyclical, in nature. This shoots to the heart of the idea that one needs to raise interest rates when the economy overheats, by raising the bar for what "overheating" (sustainable growth) is. I believe this speech was very significant. Furthermore he mentioned the something like "the rapid reallocation of capital to higher return technology investments." (translate: high tech stock valuations may be ok)

To: tejek who wrote (115718)	6/13/2000 6:41:00 PM
From: TGPTNDR	Read Replies (1) \| Respond to of 1578995

Re: OT -- AG, Growth rate, and the fed. Interest rate movements take about 6 months to take full effect. It is my opinion that if he doesn't start moving them down in the next couple of months he is going to have to save the economy by next November. He is now saying the same thing that Meyer said alone in the April meeting -- that the US economy can stand more growth than it could in previous decades without inflation. We have now had at least 2 months of declining numbers in every leading economic indicator. The euro is down to the point where ECM thought they had to keep up with AG, and so they raised rates to try to maintain currency levels. I sure hope he figures it out soon. tgptndr