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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (1044)9/15/1998 9:05:00 AM
From: Wally Mastroly  Respond to of 15132
 
Speaking of interest rates - from CNNFN:

cnnfn.com




To: Wally Mastroly who wrote (1044)9/15/1998 10:03:00 AM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
Wally: "I believe the Fed chairman will speak again this week."

Greenspan speaking tomorrow at 10:00 am EST. Market seems to have already discounted a cut. Greenspan should take the cue on September 29th. That is the last FRB meeting until November 19th. I don't think the Fed wants to wait that long in this environment.

Thanks again for your contributions.



To: Wally Mastroly who wrote (1044)9/15/1998 2:59:00 PM
From: Math Junkie  Read Replies (2) | Respond to of 15132
 
Re: "Not sure lower rates would help Japan. Its rates are unbelievably low already."

Maybe stimulating consumer demand in the U.S. would help Japan a little, but I would think that much more effective would be for Japan to roll back the consumer tax increase they put in last year. I remember Bob's comments when they put that in, about what a bad move it was.


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