To: AlanH who wrote (49928 ) 8/14/1998 5:28:00 PM From: Electric Read Replies (2) | Respond to of 58727
Did anyone catch the Wolman/Kudlow discussion that just ended? I was sitting there saying "EXACTLY". I have been complaining about the FED's role in the global economy all week. I really think what they said was on the money, the FED ought to cut, but will not.. And that Greenies last tirade was the possible beginning of all these recent declines. What he told the world was that the FED's main and top concern is the US economy/markets.. translation that they will not do anything to ease the global problems that exist. So as long as Greenie thinks the labor markets are tight, and that Volker type inflation numbers are returning that he will still allow the inverted yield curve to exist. Simply ludicrice.. Not to mention that I hate seeing the 30 year not drop in such sweet scenarios (I am waiting to refi). Maybe I am a genius but it doesnt take alot to see that if a person has a really nice house in the middle of a slum, that eventually the really nice house is going to become not so nice... translation if the FED (Who we all know is KING worldwide) decides to hold out until the Cubs win the world series to lower rates, that yes... they will get very soft labor markets, deflation and a DOW 6000. The main point I see is that there is no need for this, I think that we are a technologically driven economy, a very efficient one and we arent susceptible to the problems other economies are experiencing, but if all the traders/analysts/brokers/investors think that we are going to see a decline in GDP or a decrease in our spending power etc, then these other markets indeed will effect ours albeit indirectly.. To me it is like seeing a sweet stock, company has great internals, making a ton of money, deserves a run.. If others dont see it or cant see what I see, it is likely not going to happen... I wonder which stock that is? Enough of this babbling!!! The future of the world markets is in our hands, well in the hands of the FED and the treasury market.. So lets help the world out and get no credit as usual, ok????