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To: Defrocked who wrote (40927)	5/14/1999 9:36:00 AM
From: Alias Shrugged	Read Replies (1) \| Respond to of 86076

Wow. I agree with your thinking, but that's so "old paradigm." What if Alan thinks the first rate increase will cause major damage. Why not wait until the bond market is screaming for it. Looks like a very interesting day unfolding.

To: Defrocked who wrote (40927)	5/14/1999 10:41:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

Message 9528698 another tightening view by a seasoned player.

To: Defrocked who wrote (40927)	5/18/1999 4:45:00 PM
From: Cynic 2005	Respond to of 86076

Def, they didn't listen to the bond market and I think they will pay the price. How long before 6%? Anyhow, it was easy for GreenSpam to take the pop no bubble approach. He won't care if the bond market does it for him. The Fed must be trying to escape the blame for popping the bubble. However, I don't think that it is possible as they will certainly be blamed for inaction. It is always easy to blame the responsible party for whatever action taken or not taken. I know, I have done that! -g-