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

To: limtex who wrote (39924)	8/7/2001 9:45:35 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

big difference between having the brakes on hard now and needed to hit the gas peddle I dont think the brakes are on hard he think we are coasting into walking speed reverse maybe just a semantic argument here to me BRAKES ON == large diff between FedFunds and 3-mo TBills they are nearly equal now, therefore no braking is seen but he needs to do what he can on monetary side of the equation and he isnt doing enough he needs to set rates at 2.75% immediately and announce that in October, it will be back to 3.75% they never give advance policy warning that causes confusion in the entire planning process we at least agree that GreenDumb needs to lower rates I heard a fine argument about a month ago in the past, most recoveries have begun and occurred right after the last rate cut why bother to buy when finance costs are dropping? so we are in a standstill until rates are no longer expected to become cheaper the Fed needs to announce they are done, when they are done / jim