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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (43673)	12/17/2000 6:06:28 PM
From: minorejoy2000	Read Replies (3) \| Respond to of 57584

American Spirit, I've read your posts for months. You ring a bell in my own heart. We both have this eternal optimism in the longer term view. Here's my scenario for tomorrow:Monday December 18, 2000 Bush Meets With Greenspan Bush: Give us a half point rate cut tomorrow and the tax cut will never materialize, though you understand, I still have to put on a show. Greenspan: A shift of bias away from a predisposed focus on the inflationary wage pressures as per my previous disclosure notwithstanding, a premature easing might reveal psychological overtones of having overachieved our intentions previously, and we would not care to run the risk of eliciting the apparent signal that we are acknowledging the implied admission of a potential recession, while at the same time appearing to boost investor confidence in my mythical role as savior of the market, thus endangering another overheated spiraling and nonsensical journey down the road of unwarranted exuberance. Bush: Say what? Greenspan: A shift of bias away from a predisposed focus on the inflationary wage pressures as per my previous disclosure notwithstanding, a premature easing might reveal … Bush: Wait, wait, you don’t get it. No tax cut. If you all don’t cut now, I’ll never get this thing back on track by ’04. We already got enough to blame Clinton. Read my lips. 1.3 trillion toward paying down the debt starting in 2003. You know, I learned the darndest thing. Did you know this new years is the real start of the new millennium? Don’t let it get out for now. There’s no balloons left over from last years celebration. But think of the legacy, man. Greenspan (hesitates, thoughtful):… 1/4 point cut and we keep bias toward tightening. Bush (confused): …Kinda weird, but it'll do.