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

To: Tech Master who wrote (539)	11/3/2000 8:33:38 AM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

The main problem with your thinking is that you seem to think that the Federal Reserve is mainly concerned with people being fully employed, the economy growing at large rates, and the stock market going up. That is not their main priority - their main priority is keeping the value of money stable. If that means slowing the economy down and putting people out of work so be it. That's why you had such high interest rates in the early 80s and a recession towards the end of the Bush presidency. For the Fed to lower interest rates now they would have to behave differently than they have since their founding. Also the bond markets are not factoring in an interest rate cuts. No fed officials have come out hinting that they are going to do this. It ain't going to happen anytime soon. - For better or worse, and probably worse. I don't agree with how Greenspan has run the Federal Reserve and think a little inflation is no big deal for the average person like us. But to think that they are going to cut rates is unrealistic in my opinion.

To: Tech Master who wrote (539)	11/3/2000 9:51:59 AM
From: Tommaso	Respond to of 74559

"Lift your head out of charts and graphs and look around the streets where you live... then you'll understand what really drives the economy." Maybe you should lift your head out of your gut, in which you put your trust. <g> On the whole, I think that the Federal Reserve Bank of St. Louis has proved a better source of information. When I look around the streets where I live, I see thousands of SUVs getting less than 15 miles to the gallon, and that leads me to understand why oil prices have risen. I see people paying a lot more for gasoline and for the heating oil and gas they will be using this winter. I see that money flowing away from other things.