Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (42452)	1/7/1999 9:20:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

mike, I agree with your suspicions about da money center banks getting a tip about da rate cuts. I also expect it to happen again after the next decline. The last one was so effective it will be tempting to buy calls on POS stocks. If the trick works ( rapid rate cuts) the next time it will likely be the last because da buck could not take much more- to over do it would mean tough love fer da buck. One major mistake that I have made is expecting the Fed to do what is best for the american public but it is quite obvious to me that the banks come first and the public be damned. Many out there may question this statement but those who know their history understand that all bubbles burst and there is a strong inverse correlation when bubbles burst -the bigger the boom the bigger the bust. When do politician ever do the right thing? In the 20's some influencial Senators pressured the Fed to curtail their easy money policies and got their way for a while but the easy money advocates prevailed.