Re: Whither the Fed?

2004-08-10 Thread Yoshie Furuhashi
Jim wrote: I would guess that the Fed -- led by Dubya's close friend Alan, who visits the White House more than weekly -- is going to surprise the financial markets by standing pat on August 10th. (I'll be out of the country, so I won't be able to stop them.) The Fed raised the rate today. How

Re: Whither the Fed?

2004-08-10 Thread Doug Henwood
Yoshie Furuhashi wrote: The Fed raised the rate today. How committed are they to this course of action in the next 12-18 months? All depends on the data that comes out over the next 12-18 months. They don't have any preconceived strategy; it's strictly a seat of the pants operation. Doug

Re: Whither the Fed?

2004-08-07 Thread Yoshie Furuhashi
... and make the next POTUS John Kerry a weak president without a big mandate at the same time.) Is there a subtle flaw here? If either Kerry or Bush is elected they will have a big mandate. It just won't be from the people, but the corporate purchasers. I fear the people's mandate can no longer

Re: Whither the Fed?

2004-08-07 Thread Michael Hoover
[EMAIL PROTECTED] 08/07/04 2:11 AM ... and make the next POTUS John Kerry a weak president without a big mandate at the same time.) Is there a subtle flaw here? If either Kerry or Bush is elected they will have a big mandate. It just won't be from the people, but the corporate purchasers. I

Re: Whither the Fed?

2004-08-06 Thread Devine, James
I would guess that the Fed -- led by Dubya's close friend Alan, who visits the White House more than weekly-- is going to surprise the financial markets by standing pat on August 10th. (I'll be out of the country, so I won't be able to stop them.) This policy will be justified by something

Re: Whither the Fed?

2004-08-06 Thread Yoshie Furuhashi
I would guess that the Fed -- led by Dubya's close friend Alan, who visits the White House more than weekly -- is going to surprise the financial markets by standing pat on August 10th. (I'll be out of the country, so I won't be able to stop them.) blockquoteThe Fed holds its next interest rate

Re: Whither the Fed?

2004-08-06 Thread Dan Scanlan
... and make the next POTUS John Kerry a weak president without a big mandate at the same time.) Is there a subtle flaw here? If either Kerry or Bush is elected they will have a big mandate. It just won't be from the people, but the corporate purchasers. I fear the people's mandate can no longer