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To: Mohan Marette who wrote (85988)	12/18/1998 11:06:00 AM
From: Lee	Read Replies (1) \| Respond to of 176387

Hi Mohan,..Re:. Fed to Cut Rates Again in 1999 Thanks for the article Mo, but I bet if we went back to some archives for articles last December, we would find very similar stories. <g> Re:.in 1999 in order to boost sagging consumer activity, Wonder how they know the consumer is going to slow, especially with full employment, (skewed measurement as it may be), and rising wages? Re:.particularly because consumers are financing their buying sprees out of their stock market gains. I heard the re-financings were roaring so there are other sources of spending income besides market gains. Re:.said the 30-year bond rate would drop to 5.3 percent in 1999 from 5.6 percent in 1998. Do you think they are talking about averages here? Because the 30 year is 5.032 now and we're just climbing back from artificially low yields due to flight to quality buying. chart1.bigcharts.com:80/report?r=chart&onbad=badsymbol&country=us&time=7&freq=1&compidx=aaaaa%3A0&ma=4&maval=9&uf=7168&lf=1&type=2&style=3&size=2&symb=TYX&comp=&sid=11421&sec=x&xyz=11608984&s=7752 Well, those economists really give it the good ole school try but didn't we see a remark somewhere that they have accurately predicted 19 of the last 5 recessions? <VBG> Fun Friday, <ggg> Lee