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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (67947)	8/10/2006 1:07:59 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

It is possible from that data that Bernake might be watching the stock market very closely for clues. But that is a scary proposition as NASDAQ went parabolic in 2000 and IMHO Greenspan did too much additional tightening because of it.

To: CalculatedRisk who wrote (67947)	8/10/2006 4:11:33 PM
From: shades	Respond to of 110194

Aaron Russo was to be on CNBC today about his freedom to fascism - I don't think he made it - why did they boot him and not the other scheduled guests Calculated? Or did he have to decline because he couldn't make the flight?

To: CalculatedRisk who wrote (67947)	8/10/2006 4:56:17 PM
From: redfrecknj	Read Replies (1) \| Respond to of 110194

My records disagree with yours. They show no raise in June, 25 basis points in July intra-meeting for August(intra-meeting raises were briefly a Greenspan fetish), 25 basis points in October, and another 25 basis point intra-meeting raise in November for December. They also show raises in '00 as Jan 25, March 50, and May 25 . In toto we went 175 basis points from 4.75% to 6.50%. Since it's a target rate managed to rather than a fixed number set by the Fed like the discount rate, it is sometimes difficult to look at the actual data series and determine when the Fed changed. 25 basis point changes sometimes show up as just 15 thirty days later and sometimes 40 sixty days later as the market anticipates.