Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (194)	8/30/2000 1:09:46 AM
From: wdlngduc	Read Replies (1) \| Respond to of 494

July New Home Sales up 14.7%, most in seven years! What's more, the median single family price is now $166,100 (+3.8%) vs $157,900 one year ago. And that's after six (6) interest rate hikes over a twelve month period. Based on the above, it is evident that the Conventional Wisdom of those who believe the Fed is through raising rates may be completely wrong. The Fed can't be satisfied with the strength of this economy. Does that portend another rate hike? Probably. It will hit the market hard. It will catch the majority off-guard; because CW says we NEVER have rate hikes just prior to Presidential elections. Folks, there's always a first time! These stats are troublesome. Big-time.