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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (5199)	10/3/2000 10:39:17 AM
From: Jim Willie CB	Respond to of 65232

yes, Doc... rate action and bias position have in past been in opposition kindalike US president and Congress offsetting from political party dominance this time around, bias is likely to shift to neutral before any likelihood of easing comes about I always regard the Fed Bias as their cheap instrument it doesnt cost them anything to use bias as a stick on the credit markets instead of raising rates, just tilt the bias has the exact same effect on bond market yield without risk to USdollar and housing industry this time the Fed will ease only after shifting their bias from tightening the Fed will either act responsibly in next 2 months OR THEY WILL BLOW IT who knows? I think these Fed governors are really really eloquent idiots plenty of false beliefs, poor understanding of inflation acting on shorterm perceptions with longterm consequences like a baseball manager struggling to figure out how to throw a curve / Jim