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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (8327)	1/2/2001 5:20:14 PM
From: mishedlo	Read Replies (1) \| Respond to of 13572

That NARM report was disturbing it was lowest since April 1991 which was the lowest point in the last recession. WHAT MORE DOES THE FED WANT? Greg, I apologize if I am repeating myself here, I simply do not remember if I posted these thoughts or not. OK? 1) W wants a tax cut that Greenspan does not want 2) In spite of all the layoffs (some near to home), employment was only .1% off the all time highs. This means some inflationary job pressures still exist. 3) There is a financial bubble and if Greenspan cuts rates money will flow into financial stocks in spite of the fact that layoffs (which the markets want) will put many people out of jobs at a time when consumer debt is at an all time high, and foreign loans are let's say risky at best Thus it is damned if he does damned if he doesn't IMHO. I believe there is a good chance he will take his punishment now, to burst the bubble in Financials. Thoughts? M