anyone else want to volunterr?

21 Jul 2004 16:04 BS =DJ Special Summary Of Fed Chairman Greenspan's Testimony




The following is a special summary of U.S. Federal Reserve Chairman Alan Greenspan's testimony before the House Financial Services Committee. For full coverage of the events and a complete verbatim text of Greenspan's comments, please search the code G/FED.


Greenspan Reiterates Fed Sees Gradual Interest-Rate Rise
Federal Reserve Chairman Alan Greenspan said Wednesday the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so, but is ready to "respond promptly and flexibly" if inflation proves to be higher than policymakers now expect.

In the second round of his semi-annual testimony to Congress on monetary policy, Greenspan said the latest economic data show the U.S. economic recovery has become "broad-based" and "self-sustaining." He downplayed worries that the recovery is losing steam, saying the recent weakness in consumer spending is likely to prove "short-lived." Under the circumstances, he said, the Fed must raise its key federal-funds rate to a "more neutral setting" that neither stimulates nor curbs economic growth.


Greenspan: '01 Tax Cuts Were Necessary To Curb Recession

Federal Reserve Chairman Alan Greenspan on Wednesday defended the $1.3 trillion tax cuts that Congress enacted in 2001, saying the cuts helped stave off a deeper recession than the one the economy suffered that year.

But Greenspan told U.S. lawmakers that he is worried about the long-term outlook for the budget and urged Congress to adopt rules that would require spending increases to be offset by tax increases or tax cuts to be offset by spending cuts.


Treasurys Slide Continues With More Greenspan On The Way

With Federal Reserve Chairman Alan Greenspan's upbeat assessment of the U.S. economy still fresh in the minds of investors, Treasurys fell further in midmorning trade Wednesday, with shorter-dated maturities suffering the most.

Market participants are now listening to the Chairman's responses to questions from the House Financial Services Committee in the second leg of his semi-annual congressional testimony. Greenspan delivered an identical speech to the committee as the one given to the Senate Banking Committee on Tuesday.


(END) Dow Jones Newswires

July 21, 2004 11:04 ET (15:04 GMT)

hootchey coochy yuro

moonblue is greenbum talking againt today aswell? can you please tell me what time gmt please. Guess which idiot is long cable today? yep and am covering by moving the stop around.

rgds
zarif

aye im happiy eroused. :)

Tell hatty I'm off to wash my balls :)

lol what will munnyam think of me?

hes spake at 320pm zarif..and did q&a

zarif



can check for weeks ahead below

http://www.nasdaq.com/econoday/calendar/US/EN/New_York/year/2004/month/07/day/21/daily/index.html

http://www.forexnews.com/

Moonblue- many thanks. Despite his Hawkish comments the cable has certainly taken a nose dive the last two days and i am long dec contract so am hanging in there and scalping on the daily.

rgds
zarif

z ..fx is moved by the specs imo..any excuse to move it they do..news is interpreted to fit the movement...so really best not to stand in the way of a strong move...go with flow i recon..Sentiment polls show the crowd is as bearish the US Dollar as any time in history right now. Perhaps that's why it can't go down:

gap filled and then up again.......

Thanks Moonblue - you are right its "just Manipulation" and climbing a wall of worry!!!.

Re team
Kenmare buy is my recommendation.
MG
gone short cable 382,(bit premature)see the gap filled, limit about 40 lower.

Ok i will add your team to the Game. There is not really to much to do apart from select your initial stock picks, and then if you want to make any changes (one per weekend) you may do so. Or you can just let your portfolio ride it's course for the 10 weeks. The Leader is just the person who posts the selection and makes any changes. Other than that - thats it!

You could stick the whole 1 million into just one stock or divide up between individual team member stock picks? it's up to you. Team members can be active or silent, it does not really matter.

and thanks for joining in.
:-)

hopefully golddog the others will add thier choices and we can divde it up that way

hi moonie..

leeshindig here...

just thought id say hello whilst up late piddling about with the site...:)

that lunatic on the other channel is still creating two aliases a minute..

regards
Lee.
Live Charts

p.s we signed kluivert!!

hi lee..
hes over rated...lol

http://www.livecharts.co.uk/