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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (11366)	12/11/1997 9:16:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 94695

RE: "a potential recession that is not caused by the Fed raising rates" I have long believed and espoused the principal of Maximus Fuximus. Increases in interest rates will only have real effects when they are unexpected, such as the Saturday massacre leading to the 81/82 recession. It now appears that the unexpected constriction of money growth through the evaporation of real wealth in the equity markets of the Far East may have real growth ramifications. Definitely a slowdown, but the verdict on a US recession is still out. Message 2663883