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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: robnhood who wrote (16159)1/6/1998 9:14:00 PM
From: Lee  Respond to of 50167
 
Russell, thanks for your reply. I guess it's really difficult for any of us to interpret FED Speak. According to previous stories, gold used to be one of the primary indicators, but it's value is distorted by central bank selling all over the planet, so I don't know if it carries the same weight as previously.

I agree that the term salutory effect could have been better stated as a 'welcome slowdown' or 'slowing effect'.

Lee