Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (11462)	3/12/2001 7:57:42 PM
From: A.L. Reagan	Read Replies (2) \| Respond to of 13572

Speaking of Dr. Al, I think his "higher than necessary" interest rate policy is doing evil things to other economies than ours, particularly not helpful to Japan, where strong dollar/weak yen worsens already severe problems in their banking system. Who the hell wants to own yen? A lot of central banks' interest rate policies tend to mirror the Fed - otherwise smaller currencies can get crushed. Although interest rate actions can take a while to percolate through the physical asset economies, there is an instanteous effect on global currency markets. Not that this will happen, but 75 bps on 3/20 would do a world of good. Where I am afraid Uncle Al is asleep at the wheel is that we are starting off with a U.S. capital goods recession - which invariably leads to a U.S. consumer goods recession - which invariably leads to a worldwide slowdown - but AG's publicly-focused on consumer oriented econ indicators and thinking all's not that bad.