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


To: jcky who wrote (22673)12/7/2000 2:41:43 PM
From: Boplicity  Read Replies (2) | Respond to of 65232
 
Give me some past precedent for your thinking that would warrant such a dire outlook while the FED was lowering rates while the economy was still expanding.

Greg



To: jcky who wrote (22673)12/7/2000 2:56:39 PM
From: JRI  Read Replies (1) | Respond to of 65232
 
jcky- Wouldn't the unemployment report be HUGE tomorrow....if we see it with a 4.0, or 4.1 handle. combined with recent unemployment claims, it should be clear that some labor inflation pressures are easing...additionally, oil was at $35 last week, now under $ 30....

In the last 2 Fed notes (following Fed meetings), these were the 2 things they mentioned....

The U.S. Dollar has been extroadinarily high for a while....a little bit of easing should not cause more than slight money flow out of the U.S....only if the Euro would hit 96, and stay there for a couple months or so, would you, I believe see capital flight...The Yen remains fairly weak, and shows little signs of strengthening a lot...

A lot of technology companies wanted a strong Euro, claiming its hurting them (PCs, etc)...

I don't share your fears about the dollar (yet). I do think the unemployment report needs to show weakness tomorrow..