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To: Earlie who wrote (63534)	1/31/2001 12:33:52 PM
From: UnBelievable	Read Replies (5) \| Respond to of 436258

100 BP Cut? Economist Says It's Possible 12:27 (Dow Jones) A 100 basis-point cut by the Fed is a possibility that can't be ruled out, writes Sanwa Bank chief economist Takanobu Igarashi in a report from New York. If the sudden erosion of consumer confidence caused a dramatic slowdown, an unexpected rate cut could provide "shock therapy" in order to reverse market decline, he writes. (JEN) What I don't understand is if 100 would be could why not 200?

To: Earlie who wrote (63534)	1/31/2001 2:08:27 PM
From: John Pitera	Respond to of 436258

It would be interesting to see a 75 basis point cut.

To: Earlie who wrote (63534)	1/31/2001 3:07:58 PM
From: chic_hearne	Read Replies (5) \| Respond to of 436258

The belief in Greenspan's ability to rescue the globe is beyond imagination. Earlie, I managed to catch the 15 minutes before and after the fed decision on CNBS and I was pretty stunned at the way these guys acted. It was Kudlow, Rukeyser, and two others. All of them were in consensus that this whole mess is Greenspan's fault. And no, I'm not talking about the way we see it starting in '95 or whatever time you pick. They're talking about the past 12 months and the rate hikes [or should I say excessive rate hikes that weren't needed]. Imagine that, we haven't even had one quarter of negative GDP growth and the scapegoat is already in place for the coming recession. The way they were talking, it doesn't matter if it's a 3 months recession, a 18 month recession, or a 5 year depression. It is Greenspan's fault. I'm starting to think Kudlow is the most clueless person CNBS parades, even worse than Meeker or Blodget. I can't believe the job he has at ING Barrings. chic