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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (533)	11/3/2000 7:17:32 AM
From: Tommaso	Read Replies (1) \| Respond to of 74559

It must be wonderful to know exactly what is going to happen in the future. At this point there does not seem to be any good reason--as if there ever were--for the Fed to ease interest rates and allow the money supply to expand as it did towards the end of 1998 and again in 1999. The weekly figures don't show any change; the rates are much the same as they were 3 months ago and 6 months ago: bog.frb.fed.us The dollar is falling rapidly against the euro this morning, though who knows if this will continue. But the only way to give the dollar value is to keep interest rates up--and that is necessary in order to keep inflation down, too. I have never heard that the Fed cared much about how much money people spent on Christmas presents.