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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (8111)	12/10/1997 7:05:00 PM
From: Bearded One	Respond to of 9285

Bill, you're making fun, but I've actually seen people say that the Fed is afraid to raise interest rates because of Asia and that this is good news. If the Fed "wants to raise rates" it's because they think inflation is coming. If they "can't", that means they have to let the inflation come because something even worse is around the corner. Doesn't anyone remember the Misery Index? By some indices, the US was in better shape in the 70's than today. The National debt was much smaller, yearly deficits were small, we were the worlds largest creditor rather than the worlds largest debtor, growth was at 5%... Yet inflation and unemployment went up at the same time. The fact that Japan was undercutting our technology business with low prices didn't stop inflation, either.