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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2827)	1/3/2001 6:36:21 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 3536

Ron - ...I also liked the comment about the Bush economic summit posted here. My suspicion is that AG had to cut when he did in order to avoid a perception of a loss of independence, risking that Bush's economic summit would result in a public call for rate cuts, putting a big barrier in front of cuts for weeks ahead. Regards, Don

To: Hawkmoon who wrote (2827)	1/3/2001 9:26:54 PM
From: hobo	Respond to of 3536

We'll probably never know the actual wheelin'-dealin' that was going on between AG and GWB... if any at all. the wheeling & dealing perhaps translates into a show of power to see who really holds the keys to the castle. Uncle Alan has shown that not only can he do some shadow boxing, when needed, he can actually kick the market's butt if he thinks it is called for. (--of course if you were short the market, this was an uppercut & floor, perhaps saved by the bell-- due to uncertainty). this, in the face of the weak attempt by the dynamic B & C duo's attempt to scare people with their talk of recession, in search for support for their gigazied tax cut. (which btw i think it made matters worse)