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

To: Jerry Olson who wrote (26597)	5/27/1999 12:58:00 PM
From: Sonny Blue	Read Replies (1) \| Respond to of 50167

OJ, this is "sell first, ask later". The Fed will raise rate - the question is when. I think the stocks and bonds markets already factor it in. But most people just keep denying it.

To: Jerry Olson who wrote (26597)	5/27/1999 1:11:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

Hi Sweets, Posted to you on the MDA thread I'll take your bet that the Fed would indeed raise rates some time this year, and it won't be due to real inflationary concerns. The Feds previously raised rates by 1/4 point in a pre-emptive move that was not warranted by macro-economics. This same freebie 1/4 point would be the same they will lower in as a second pre-emptive move. No real change, but the markets will balance themselves. Geez, you make bets with everyone but me ... btw, what was the wager with Mike Schurr over DELL and did you pay up yet?

To: Jerry Olson who wrote (26597)	5/27/1999 1:23:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

some bullshit rumor out of "a source" in Wash. that the FED will raise rates sooner than the next FOMC....NAH!!!! don't see that??? To: +James Strauss (26348 ) From: +Jeff Jordan Wednesday, May 19 1999 11:11AM ET Reply # of 26603 James, My concern is, when will the FOMC actually tighten? Remember last fall when the street expected the FED to loosen and when they only lowered 1/4 the market corrected in disappointment.... then we were surprised 2 weeks later w/ another 1/4....which we had a major rally. So, now we see the market continue it's exuberance....will this force the FOMC to surprise us again if the market doesn't adjust to it's new policy of openess? $TYX doesn't seem to be reacting to the FED's guidance? I wouldn't be surprised....no one saw that last surprise coming either? Jeff

To: Jerry Olson who wrote (26597)	5/27/1999 1:32:00 PM
From: Lee	Read Replies (2) \| Respond to of 50167

Hi Jerry,..Re:. he's gotta wait for eco reports I agree that he's going to wait for eco reports, also we still have capacity in the system and few pricing pressures. THe GDP numbers out today show the main strength is the US consumer so we don't appear to be stressing the system. Also, AG spent a lot of time talking about productivity being responsible for the new economic efficiencies including keeping prices tame so it seems a stretch for them to be considering any pre-emptive rate increase to ward off tame inflationary trends. Finally, I wouldn't think some stressed global economies have gotten to the point where they are out of danger yet and a rate hike wouldn't help speed up their recovery. Today's eco data. Q1 GDP revised to 4.1% from 4.6% bea.doc.gov Weekly jobless claims = unch. at 300K dol.gov Cheers, Lee