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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (40905)	1/13/2001 11:00:56 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 42787

James, I think that the FED will lower at least 0.25%. Tax cuts will come on stream only by mid year at best and next fall more likely and effect the economy in 2002. If AG does not cut more aggressive the economy will plunge into hard landing and recession, and then he will take all the blame. IMHO AG is a very bad and arrogant CB covering up for his chicken little personality (in my book he is a plain buffon disconnected from reality). His first mistake was in 1996 wen he backed down on his assertions, then AG was late in regulating or inquiring in the risks taken by LTCM and lowered drastic interest rates to save his friends, without taking back some after the clouds dispersed and again in 1999 failed to provide liquidity at higher prices - e.g. higher interest rates. Oil and stock markets went up and his response was again to late and the reversal in lowering interest rates to was way way to late for the simple reason that he is more a politician than a CB. AG seems to praise productivity due to technology but forgot to mention that events are unfolding much faster and money velocity is much higher also due to technology. Plainly put the FED are way way behind in their thinking, and as far I know commercial bankers do not stand out in their smarts or willingness to accept change. As to bonds I also saw the sharp turnaround and it may have to do with the issuance of new corporate debt than any signs of inflation. BWDIK Haim