Re: PEN-AL snap quiz

[Doug Henwood]

Timework Web wrote:

>1. The Federal Reserve Board Open Market Committee has been disolved and
>replaced by a junta of Pen-l subscribers (Alan Greenspan has been
>retained as chair, though). On tuesday the FOMC will meet to set the fed
>funds rate. What would you do and why? The choices are:
>
>a) no change in the rate
>b) .25 point increase
>c) .5 point increase

2 point increase. Kill the bull market now!

Doug