Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: KyrosL who wrote (103536)	5/20/2001 6:18:38 PM
From: yard_man	Read Replies (1) of 436258

>>That's one of the explanations of the dollar strength. << Yes it is one ... >>You say that the Fed and politicians will watch helplessly as the unemployment rate climbs into the double digits. I say: impossible << They will not just watch -- they will do all sorts of things -- what I am saying is that all the things they do will be ineffective. AG hasn't been sitting on his hands here. He has shot nearly half his wad (in rate cuts) already in the first inning ... Let's not argue. Either you do or do not believe that credit creation has gotten way out of control and that certain consequences will result. U know where I am. I know where you are. let's accumulate our observations over the next 6 - 18 months and see if either of us finds any reasons to adjust our expectations ... apparently up until some time ago you expected some kind of adjustment yourself, but since it didn't come, now you have changed your expectations?? I just haven't changed mine yet ... I'm flexible and have been wrong many times in the past. I'll have no problem admitting I was wrong when the time comes, if that turns out to be the case ...

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