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


To: Jim Willie CB who wrote (46059)1/9/2002 12:41:42 PM
From: stockman_scott  Read Replies (1) | Respond to of 65232
 
RE: <<Fed would do well to announce something like...

"In the summer or autumn of this year, depending upon economic recovery data, the Federal Reserve will raise interest rates 100 basis points over two FOMC meetings, and then adopt a wait and see attitude. For insurance purposes, rates have been kept extra low in recent months after the NYCity attacks and deflationary forces in Asia. We announce this intention in order to promote stability in the equity markets and financial institutions.">>

jw: That makes TOO MUCH sense...You and Kudlow ought to be running The Fed...=)

Regards,

Scott