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To: puborectalis who wrote (19287)	2/23/2001 7:03:13 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 60323

If AG does it now, what will the market be "expecting" next month? nothing, and then it will drop, he spreads it so the psychological impact of easing is stretched out over time. After all, the fed could have two rates, 3% when no inflation is expected and economic growth is slow, and 6% when the economy is over heating and go directly from one to the other. If he did that, market participants (particularly bond hedge funds) will be devastated, since some of them will have the hedge wrong, and those guys deal in many billions, if they get "screwed up", the bond market will "seize" (as it did essentially during the LTCM saga), and that is a prescription for a financial catastrophe. He need to give time to those bond traders and hedgers to adjust to a new environment over a lengthy period of time. That is of course a very simplistic explanation for gradualism, but not that far from what I believe is the truth. Zeev

To: puborectalis who wrote (19287)	2/24/2001 12:19:01 AM
From: Craig Freeman	Read Replies (1) \| Respond to of 60323

Fallope: Alan Greenspan = A.G. = Ag = Argentium = Silver. EFFECTS OF LONG-TERM OR REPEATED EXPOSURE: The substance may cause a grey-blue discoloration of the eyes, nose, throat and skin (argyria/argyrosis). There you have it .. proof positive that Alan Greenspan is working for the "blue bloods" in our society! Craig PS. Just kidding! IMHO, ounce-for-ounce, Alan Greenspan is more valuable than Actinium (once quoted at $10M/mg). Including all of its isotopes, Actinium's atomic weight varies from 209 to 234. It's radioactive half-life varies from 0.07us to 21.77 years, In short -- it's an element with qualities sufficiently variable to confuse the best of us. To me ... that sounds just like Alan G.

To: puborectalis who wrote (19287)	2/24/2001 11:48:52 AM
From: im a survivor	Read Replies (2) \| Respond to of 60323

<<If AG is going to drop interest rates at the FedMtg next month,WHY oh WHY doesn't he do it now????????????????????????????????? >> Could do more harm then good....it wont be a good thing thinking greeny is targeting the markets...he is supposed to make decisions on the economy........should he do a nice cut in march, he can claim it was for economicreasons not because the markets are in trouble....cutting early could be good, could be bad....some think he will be sending the wrong message if he cuts early........