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To: A.L. Reagan who wrote (14507)11/30/2000 7:28:15 PM
From: zbyslaw owczarczyk  Read Replies (1) | Respond to of 24042
 
David in the first 3 hikes Fed took away what it gave in fall
1998. Booming economies in Asia and S.America have compensated for first 3 hikes. It was Feb hike 0.25% and May
0.5% which coused slowdown mainly in consumer spending, and of course oil added too.
For example companies like Oracle(today just confirm its bullish outlook and say Q which ended today look very good), SUWN,ALA,CSCO and many other which sell to corporation are doing very well......
Tell me why economy have recovered within 4-6 month , after fed cut
% in fall 1998?