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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever?? -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (286)1/4/2001 11:43:57 AM
From: Thomas M.  Read Replies (1) | Respond to of 309
 
Antman suggested:

rate cut timed after monthly banking rates set for month? many bank lines/loans are repriced monthly based on first biz day libor or prime rate. gives banks extra profit margin for january.

Message 15115851

With the post-options-expiry rate cut in Oct 1998, we definitely learned that Greenspan is very sensitive to the timing of his moves, so this theory seems plausible to me.

Tom