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How about the dollar? If they lower rates, increase the money supply, jack the
economy and strengthen the dollar, they could hope to put a damper on part of
the items that cause inflation. Look at the goods and services we purchase
abroad. The cost of living seems to mean nothing to them, just the government
numbers. The people continue to have their collective heads in the sand. Ira
Timothy Morge wrote:
> 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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>
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