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JW:
Just my two cents worth: I believe their focus may be on the widening
spread between US Treasury issues and private sector borrowing rates. In
effect, the economy is being squeezed both by the slowing down of economic
expansion in many areas [slowing, not a recession] and by the lack of funds
for smaller growth areas at 'decent and fair' spreads above treasury rates.
Nothing can grind an economy to a halt faster than a lack of money
available as working capital.
Tim Morge
At 07:08 PM 1/3/01 +0000, you wrote:
>I wonder if all the talking heads commenting on today's rate cut are
>missing what the FED is really trying to do? Is it really, truly the
>weak economic numbers they are reacting to? Or is that they know
>that many people are fixated on the role that January market
>performance supposedly has on the rest of the year? If the latter,
>then what they may be trying to do is to help ensure that strong
>market performance happens in January, helping general investor
>psychology. Once January is over, then they may hold back on further
>rate cuts...
>
>JW
>
>
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