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

To: bearshark who wrote (20752)	6/20/1998 10:28:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 94695

Bearshark, one think that many still ignore is the fact that inflation has bottomed. Oil will not stay at $12 for long and the rise of the yen and other Asian currencies will prop the price of oil and grains which in turn will put substantial pressure on inflation. The fed had two choices - one lower interest rates and being blame for inflation or leave rates steady and prop the yen. They chose the later. RE is starting again to reach boiling levels in the NYC area and again insane prices are paid for rents and apartments. So history will repeat itself - again. This policy can start a round of stagflation, after the stabilization of Asia, IMHO. BWDIK Haim