News from the latest Fed meeting

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

The fed will raise interest rates up to 75 total and will look at the consumer price index. If the CPI stays at 2/10 a month or less for a few months, 2001 will be another good year and maybe beyond. If the CPI is 3/10 or more for a few months, 2001 will be a hard landing because the fed will raise interest rates more in 25 increments.

The guy that attended the meeting and made the report said that confident investors and the economic conditions will give us a good 2000 with the market having a calmer year and if the CPI will not head up too much, we will sail on just fine. And he said that the fed guys know all about the credit situation and that they are not dumb.

I know that there are the gold bears and that they are all like the y2k guys that were sure we were going off the big cliff. I think I myself have learned to reassess who I read for my information on subjects. I spent a couple years vaccuming up all the hysteria I could read. The gold bugs are also zealots that do not understand the total picture.

Hitlers Mien kamph seemed reasonable and sensible to many, Lennin and Marx seemed reasonable and sensible to many, Thousands of guys want to tell us all about everything. We need to have real good discretion about our sources. From my experience, the gold eagle analysts leave out factors that are based in reality and affect the real fiat world and ......You know, my father and his friends all hung around many hours talking so importantly about the russians and china. Those guys THEY had no influence anywhere, they just spent thier lives all worried about the imminent war that was comeing ect. Well... didnt happen did it. I dont want to be like that. Do you?

-- barrons report (here@theforum.com), January 04, 2000

Answers

Bunk

-- Me (me@me.me), January 04, 2000.

Moderation questions? read the FAQ