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

To: James Strauss who wrote (20706)	9/27/1998 3:27:00 PM
From: Sergio H	Read Replies (3) \| Respond to of 50167

<I don't think a possible rate cut has anything to do with saving Clinton... It has more to do with propping up deteriorating world markets.> Jim, if Clinton had his act together and wasn't too busy saying 'I'm sorry' we wouldn't need a rate cut to prop up perception, would we? You bet your ass this rate cut has something do with saving Clinton's Presidency. He's not strong enough to do it. < If we do it first, other countries will follow.> European nations are not likely to cut rates again as they're striving to form a common monetary unit. Japan's rates can't be cut any further. Latin America has gone through the rate cuts. Who's going to follow? <As the earnings start rolling in for the 3rd and 4th Qtrs it will become evident that earnings growth has slowed.> Yep, in some sectors and nope for others. Sheesh the small caps look great right now. Specially those with little international exposure. How about biotechs ? They've got no earnings to speak of for the most part, so there's no slowdown to be concerned about. <And, I think we'll see 1/2 point, not 1/4 point.> I think that the Greenie got backed into the rate cut. We don't need one and he has to know that. We're going to get 1/4 point is my opinion. Can you imagine what will happen if there's no rate cut ? LOL Sergio