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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (2456)	3/25/1998 4:01:00 PM
From: MythMan	Read Replies (2) \| Respond to of 5676

The government has been the beneficiary of higher tax revenues on stock gains. I'm sure that is the reason Fed is ignoring all this <g>

To: Tommaso who wrote (2456)	3/25/1998 11:51:00 PM
From: Kerry Phineas	Respond to of 5676

Tommaso, that would hit us shorts below the belt so I don't think Greenspan would be amenable. I get the feeling he wants the highly margined shorts to get a payout and knows this will eventually play itself out. If not, call me Travis Bickle. (just kidding.) I think there are issues with the inter-relationship b/t the US economy and Asia that are very significant in his decision making. ie if he raises rates in the US it slows down our economy which in turn hurts the export-driven Asian economies which ends up hurting the banks, his employers for all practical purposes. Guess the highly leveraged US economy has to pull its weight, scary as that sounds.