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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (5503)	8/13/1998 6:02:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9980

"On the fear of recession: won't any recession be shallow? AG and the Fed have a lot of room to lower rates from here. Real rates are extremely high--if we have 1.5% inflation, the roughly 4% premium for short or long rates is historically very high, he could drop Fed Funds back to 3.5%, and still be on the high side." Sam, What you said(above) was what I was told, quite a few times, when I got concerned about a recession many months ago. That's one reason why I referred back to my May 30th post. I think, if I'm not mistaken, Lawrence Kam mentioned "a couple of interest rate whacks" to fend off a recession. Lawrence, if you don't mind, I would be interested in hearing your current opinions of what you think is on the horizon for both the U.S. bond&equities market and the U.S. economy. Thanks, MikeM(From Florida)