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This is a very good post that I just happen to totally agree with. I do
think this is going to be a world wide cut and yes even Japan and Germany
will follow suit. I got the feeling that this was coordinated by Greenspan
and other world leaders which if true could turn this bleak world matter
into a tolerable and manageable situation. Japan has got to get well before
all of Asia can if indeed Asia ever can for long. Its like Mexico
I don't ever believe they will ever make money. These third world countries
are like black holes always needing money but never paying it back except
sometimes for show.
Robert
, Clint Chastain wrote:
>Of course, an interest rate cut will have at least a short term beneficial
>effect on our equity markets. And, of course, the decision(s) to cut
>interest rates were not influenced in the slightest by the proximity of
>upcoming elections. Of course not :)
>
>Nevertheless, my simple mind finds itself concerned that the Fed may simply
>be postponing - and perhaps exacerbating - the inevitable. If I understand
>Murphy's book on intermarket relationships correctly, then declining US
>interest rates may ultimately pull the dollar down relative to the DMark,
>Yen, and other currencies. If so, then foreign goods will become relatively
>more expensive in the US. It seems to me that this would only make it even
>more difficult for Japan and certain other countries to claw their way back
>to economic health. And that's where the whole problem began!
>
>The only hope then lies with a coordinated international rate cut, right?
>But what's the odds that Germany and Japan will follow suit. The effect
>interest rate in Japan is already something like 0.5%.
>
>Maybe time to start accumulating Gold?
>
>Clint
>
>
>-----Original Message-----
>From: Robert W Cummings <robertwc@xxxxxxxxxxxxxxxxxx>
>To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
>Date: Thursday, October 15, 1998 2:59 PM
>Subject: Bear Trap
>
>
>>
>>This looks like a bear trap in the stock market but maybe just bloody Bob
>>staying pessimistic.
>>Maybe this is a sign of big time weakness in our economy from the feds
>>point of view.
>>
>>
>>Robert
>>
>
>
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