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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (34239)3/20/2001 6:02:10 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Fed really cannot cut by over 50 bpt
it results in a drastic international currency reaction
the US$ can afford more cuts
that is why it was necessary to start cutting last October
that was my first real big disappointment in GreenScum
he was declaring high energy costs as an inflationary threat
wow, the reality was that earnings recession loomed larger

Kudlow is very unpopular among the NorthEast establishment
read: "the Harvard gang"

Kudlow and HarvardThink are in sharp opposition
K believes growth wipes out inflation
H believes too much growth begets inflation

absolutely no middle ground
HarvardThink is running the Federal Reserve unfortunately

and besides, nobody with a history of recovering cocaine addiction (as Kudlow has) will ever be put in federal position of monetary authority, NEVER

/ jim