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


To: Peter Mui who wrote (19977)9/4/1998 11:03:00 PM
From: HighTech  Read Replies (1) | Respond to of 50167
 
Greenspan also said something about the US not being an island of safety among all the turmoil in the world(Or something similar to that idea??)

HiTech



To: Peter Mui who wrote (19977)9/5/1998 10:40:00 AM
From: Jerry Olson  Respond to of 50167
 
Hello Peter

In my expierence when AG says something like that in a speech IT DOES MEAN SOMETHING TO THE MARKETS....what i'm saying is we've all along been thinking about wage inflation and employment problems, now he's talking deflation!!!!

IMO it takes any and all possibilities for a rate increase away for now......it does put a rate cut on the front burner...

he doesn't have to do it, but just the "change in sentiment" will move this market...watch!!!!!! the BULLS will stampede....