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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (7453)	9/26/2002 2:05:55 PM
From: Sully-	Read Replies (1) \| Respond to of 89467

14:03 ET FOMC wanted to convey concern for economy : The FOMC minutes for the Aug 13 meeting did indeed indicate that policy makers were becoming more concerned about the prospects for the economy, as was indicated by their decision to shift to an easing bias. Interestingly, in discussing the possible need for future actions, the FOMC said that a rate cut could be prompted by "a further significant weakening in economic prospects--for example, that might be associated with additional deterioration in financial markets". This statement suggests that financial market weakness alone could be enough to prompt an easing.

To: Jim Willie CB who wrote (7453)	9/26/2002 2:12:35 PM
From: mt_mike	Read Replies (2) \| Respond to of 89467

Jim, don't you think that eventually Uncle Al will give in to the pressure to cut and face inflation rather than asset deflation. I think if we move into Iraq before year end that will be his excuse. By the way when I was in CT I did ask a friend who owns quite a bit of commercial space how things were going. He told me he still has good occupancy levels but the last 3 months he has been forced to make some sweetheart deals in order to keep tenants and get new tenants into other spaces.