Dick Morris Jude Wanniski December 26, 2000

From: "Angell, Wayne (Exchange)" <wangell@* * * * *.com>
To: "'Jude Wanniski'" <jwanniski@polyconomics.com>
Subject: RE: Dick Morris
Date: Tue, 26 Dec 2000 18:14:25 -0500

Although Morris is correct in asserting that Alan Greenspan linked interest rate reductions to the Clinton tax increases, I doubt he has it quite right this time.

* The FOMC statement included the words, "the FOMC will continue to monitor events," which I read as a code for an intermeeting conference call. That would mean that the only way Greenspan could avoid three dissenting votes on one side or the other was to agree to a conference call.

* I suspect that Greenspan was putting all his eggs in a friendly Sec of Treas rather than on an interest rate--fiscal policy deal up front. Greenspan could not have survived this long without a genuine high regard for the presidency.

Morris does not ring true.

 
-----Original Message-----
From: Jude Wanniski [SMTP:jwanniski@polyconomics.com]
Sent: Tuesday, December 26, 2000 11:01 AM
To: wangell@* * * * *.com
Subject: Dick Morris
 
Did you see Dick Morris in the NYPost today? It sounds kind of true, but still does not ring true. What do you think? [Angell, Wayne (Exchange)]  

 

***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************