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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: leum who wrote (65330)12/28/2000 8:11:20 AM
From: flatsville  Read Replies (2) | Respond to of 99985
 
I think the guy hit the nail on the head. Remember that Greenspan not only made Clinton get serious about taxes, George the First had to eat, "Read my lips...No new taxes!"

Toning-down the tax cut rhetoric would be smart right now but, I don't think George the Second has been paying attention. After the meeting with Greenspan he came out pounding the table in front of the press declaring "Tax cuts are non-negotiable!" Just plain stupid.

Who do yo think will blink first?



To: leum who wrote (65330)12/28/2000 12:37:11 PM
From: Tunica Albuginea  Respond to of 99985
 
OT/leum: Rate cuts?

nypostonline.com

If your hypotheses are true,ie

"that Greenie is threatening GWB to avoid tax cuts or
else he won't lower rates
"
is interesting.

I believe that Bush is a man of principle and will fight for his tax cuts.

I also thinkthat Greenie is similarly committed to no inflation.

While the two are duking it out,
I am starting to suspect that we will twist in the wind and
lapse in recession.

I believe that the best way is rate cuts AND tax cuts
but only if you can cut spending.


And therein lies the problem:
Nobody is willing to cut spending.

Maybe this Nation should consider
Group therapy at

Spending Anonymous Assosciation

TA

=================================================



Message #65331 from leum at Dec 27, 2000 8:43 PM
Rate Cuts?

Everyone is so sure Greenspan is going to cut rates in Jan. This article at least places such a notion in doubt.

nypostonline.com

Could be baseless or could have some merit. It is food for thought since the Bush family has been very public of their opinion of Greenspan ... no love lost when Bush Sr. blames losing presidency on Fed. Chairman.

Dave Leum