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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5496)	5/29/1999 10:23:00 PM
From: Carl R.	Respond to of 15132

The question of whether or not to raise rates is a complex one, and you have to take into account such things as inflation, employment, changes in the money supply, fiscal policy, the world economy, etc. A minor change in interest rates has an immediate impact on the stock market, but it takes a long time to affect the economy itself. Frankly I'm glad that I don't have to make those decisions. I'm even more glad that interest rate decisions aren't made by politicians of either party. And very relieved that they are in the extraordinarily competent hands of Alan Greenspan. That said, yes, I am in favor of an interest rate hike at this time. I think it is a reasonable, prudent action in light of the generally recovering world economy, the still healthy US economy that is starting to show signs of inflation, and in view of the somewhat overheated stock market. Carl