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If you're interested in this subject, I can recommend
http://www.federalreserve.gov/boarddocs/speeches/1998/19981005.htm as being
very well written ( for an American).
DJ
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: "Lawrence Chan" <stnahc@xxxxxxxx>; <robert.cummings@xxxxxxxxxxxxxxxx>;
<omega-list@xxxxxxxxxx>
Sent: Monday, February 26, 2001 4:36 PM
Subject: RE: Fed Rate Cut - zero interest rate
> When the Nikkei market collapsed, the Japanese authorities eventually cut
> the rate to ZERO.
> Still didn't help their economy or their market.
>
> Given the Nasdaq is tracking almost perfectly with that past scenario,
> we may see Greenie on the street corners giving out zero percent loans
> before it's all over.
>
> Heck, I heard right now that even large companies like Lucent Technologies
> cannot get a bank loan !!
>
> > -----Original Message-----
> > From: Lawrence Chan [mailto:stnahc@xxxxxxxx]
> > Sent: Monday, February 26, 2001 10:00 AM
> > To: robert.cummings@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> > Subject: Re: Fed Rate Cut
> >
> >
> >
> > How many "times" can Greeny cut the rate?
> >
> > When the rate is too low - it will force a
> > lot of smaller finance institutes into trouble.
> >
> > -Lawrence
> >
> > --- robert.cummings@xxxxxxxxxxxxxxxx wrote:
> > > If we get a rate as some have guessed. I'm thinking
> > > the market will
> > > initially go up then reverse to the downside.
> > > Anybody else think this might
> > > happen.
> > >
> > >
> > > Robert
> > >
> >
> >
> > =====
> > Lawrence Chan http://www.tickquest.com
> > Home of trading tools NeoBreadth and NeoTicker series
> >
> >
>
>
>
>
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