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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (75344)	4/18/2001 12:19:29 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Zeev, IMHO this FED is the worst since 1929. The economy is hurting lending to real business is very tight. I am speaking with many asset based lenders their business is dormant. They can not even finance deals passed to them from corporate lending departments. The 1/2 rate cut will not improve the balance sheet of those not getting financed. Private money is chasing financial instruments not real life investment people will save now even less. It seems to me that taking monetary action without addressing the margin requirements in the financial markets will only flare up more speculation and consumption. Lowering rates without addressing the margin requirements issue by WS houses is an out right misjudgment. The timing and the way the rate cut was made only proves that the FED are just servants to politicians and WS. Yesterday on Hardball, Jack Kemp suggested that AG should be fired. Today he lowers rates ................ that what we call Banana Republic. Further because his friend at Bear Stern said several days ago that the FED will not lower interest rates AG goes and does it. It is a shame pure market manipulation. I feel very comfortable in Euro CD's the dollar index will slide below 100 quite soon. Haim