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To: Dan3 who wrote (86299)8/2/2002 7:31:08 PM
From: tejekRespond to of 275872
 
Re: there is a rumor circulating that the Feds in concert with the EU and/or the UK will do an across the board rate cut of 3/4 basis points

I would be flabbergasted by a 3/4 point rate cut, even if it weren't in concert with anybody.

As I understand it, its deflation that is worrying Greenspan and economists. Apparently, interest rates dropping below the fed rate is an undesirable aspect of that scenario.

ted



To: Dan3 who wrote (86299)8/3/2002 1:27:07 AM
From: kapkan4uRead Replies (2) | Respond to of 275872
 
<The point at which monetary policy stops working is becoming visible, albeit in the distance.>

We are long past that point, even if it ever existed. The 3/4 percent rate cut will not move the 10 and 30-year T-bond or mortgage rates. The long rates may even go higher. Mark this post.

Kap


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