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To: Zardoz who wrote (19014)9/15/1998 11:39:00 PM
From: Terry Rose  Read Replies (2) | Respond to of 116779
 
Hutch, Take a deep breath and relax a little bit. The main reason I posted you was your post to Papaya King where you postulated that a drop in interest rates could have a paradoxical effect and cause the dollar to rise in value most likely due to increased flow of funds into the dollar due to better perceived growth. You could be right. I hope Greenspan lowers rates and we will see what happens. I personally think that with the Euro emerging that they will be where the flow of money goes and if the Fed lowers rates that this will increase the outflow from the dollar.

I unfortunately don't remember your post of M-2 some 10000 posts ago. I am trying to keep things simple and your post was probably over my head.

Terry,