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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (2200)	1/21/1999 1:54:00 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 57584

Food for thought>>Federal Reserve Bank of Boston President Cathy Minehan said on Thursday U.S. financial markets remain volatile and are a cause of concern for policymakers as the still-healthy U.S. expansion heads for its eighth year. ''Financial markets remain volatile and are a continuing area of concern,'' Minehan told the Greater Lowell Chamber in a speech that was also available in New York. ''Just a leveling out of stock prices would give consumers good reasons to resume more traditional patterns of saving and rein in consumption spending,'' Minehan also said. But Minehan also cautioned that ''when asset prices level off or come down... the speed and size of such correction presents uncertainties.'' Minehan acknowledged there were risks to the U.S. expansion, which enter its eighth year in April, on the foreign front as well. ''The international situation could present significant issues. Brazil, most obviously, comes to mind here, but Japan remains at a standstill and forecasts for the countries of Euroland have recently weakened somewhat,'' she said. Minehan's speech included her 1999 forecast anticipated slower growth with U.S. ''Gross Domestic Product (GDP) to run somewhere around 2.50 percent and for unemployment to stay at a relatively low level.'' Minehan also said ''inflation risks remain... I expect there will be a modest tick-up here.'' The Boston Fed president had presented a similar forecast last week before the Vermont Economic Outlook Conference. She reiterated her warnings against ''fallacies'' such as the belief ''inflation is dead,'' or ''asset markets only go up,'' and ''business cycles are a thing of the past.'' So, is the punch bowl half full or half empty?? The real answer is only the FED knows for sure.....but, I think I am starting to understand FED/GREENSPAN speak.. Trade gap numbers out today are shocking Will we see rotation into value?? --------------------------------------------------------------------------------