Jeffrey Garten said:>Everyone wants and expects the Federal Reserve to bail out the
economy, not only by lowering interest rates on Tuesday when the Open Market Committee
meets, but also by lowering rates over the next several months. But if Japanese
investors
sell off their American assets and c
[I hope this isn't the second message on this subject.]
I wrote:>>If the rich countries coordinate monetary policies to prevent this scenario
[the
US grabbing demand from other countries], then interest rate cuts won't affect the
demand
for U.S. goods via exchange rates. It would have to be by
At 22:04 18/03/01 +, Jim wrote:
>If the rich countries coordinate monetary policies to prevent this
>scenario, then interest
>rate cuts won't affect the demand for U.S. goods via exchange rates. It
>would have to be
>by a generalized reflation, by most of the rich countries.
This is likel
