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Greenspan has his own agenda. The markets are discounting what think might
happen, but do they know what is truly in his soul? His favorite pastime is
solving differential equations. Figuring him out is a challenge.
----- Original Message -----
From: Shawn Andrew <Shawn@xxxxxxxxxxxxxxxx>
To: Marlowe Cassetti <marlowec@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Monday, June 19, 2000 6:16 PM
Subject: Re: Prediction
>
>
> Marlowe Cassetti wrote:
>
> > I believe that the Fed has no choice but to hike. This month and August
> > will be its last
> > chance before the election and the economy has showed no sign of
slowing.
> > It cannot afford not to hike. Greenspan has tolerated high valuations
in
> > the equity markets and now he thinks that he is doing us a favor to
trade
> > off unrealistic valuations for his relentless inflation fight. Fifty
basis
> > points could be the right number for its last rate hike of the year.
Just
> > my guess.
> >
> > Marlowe
>
> Instead of predicting based on opinion, why not look at the $IRX,
$TNX,$TYX.
> They tell the tale. Do you see those yields dropping like rain from the
sky.
> Forget all these CPI, PPI, New Housing, EMPLOYMENT figures which try to
show
> how scientific the Feds oracle of Delphi is. The Bond yields shows what
the
> consensus out there thinks.
>
> Regards
> Shawn
>
>
> --
> ------------------------------------------------------------------
> Ricercar Fund /SA "Quarendo Invenietis"
> http://www.RicercarFund.com
> ------------------------------------------------------------------
> "It is not how right or wrong you are that matters, but how much money you
make
> when right and how much you do not lose when wrong." ... George Soros
> ------------------------------------------------------------------
>
>
>
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