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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (25092)	11/6/2002 3:03:20 PM
From: marcos	Read Replies (2) \| Respond to of 74559

'When you strip away all of the rhetoric that surrounds the rate cut, it is simply an admission by the Fed that the economy is weak, and likely tilting toward further weakness in the coming months.' Exactly ... they might have done better to raise 25bp, and send the opposite message, that things are not fundamentally all that bad ...... never mind the truth of it, which is in any case somewhat indefinable until much later, and about which folks care much less than they do about perception ... there is worry about puncturing the real estate 'bubble', well around here i've followed real estate trends for forty years and the peak of prices always comes after the interest rate trend turns back higher, couple of times many months after ... mind you this area may be unique in this, as we are the California of Canada, near mediterranean climate and very much a retirement destination for the poor sods from the white part of the g.w.n. [we are the great part], so there is a lag as they sell there, look around, then buy here But a fed rate of 1.25, it starts to look like J.A. Pan & Co

To: EL KABONG!!! who wrote (25092)	11/6/2002 8:40:16 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Kerry, <<the Fed has announced a 50 bp cut>> This is almost the final flicker of candle light before the lack of oxygen ends this Act in our Script. The rate cut, as ususal and as before, will not do much of anything except (a) make the savers poorer (b) leverage up the borrowers further (c) weaken the foundation of global monetary system (d) delay but not prevent the market clearing process (e) open the way for more ferocious officialdom intervention (f) take us further beyond the point of no retur than anybody has previously been in all of history, except perhaps the Romans when their coins were debased to the point of extinction <<The GOP establishes majority status in both the House and the Senate>> This is OK for now as somebody, anybody, must be in control, so as to take full credit or absolute blame. <<mean for domestic and foreign stocks?>> Domestic (as in US), up first, then down. Foreign stocks, down and then up;0) Chugs, Jay