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


To: CAtechTrader who wrote (16497)11/15/2000 2:38:16 PM
From: Selectric II  Read Replies (1) | Respond to of 65232
 
LOL. Excellent cartoon.



To: CAtechTrader who wrote (16497)11/15/2000 3:01:19 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
Federal Reserve is extremely unenlightened
my guess is the other governors held Greenjeans back
their action today contradicts statements made just last week in MexicoCity
they warned about possible world recession
these guys are dense

looks like they want more slowing in economy
their focus has been and probably will continue to be on tight labor markets

I understand their concern, but the other 5 criteria are rather loud now

they all call for increasing liquidity, relieving tight conditions in banking industry, and reducing credit costs

the Fed essentially ignored the Bond Market today
the greatest inflationary pressure I see is Fed Policy
/ jim