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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KeepItSimple who wrote (181858)7/22/2002 11:44:13 AM
From: whydididothat   of 436258
 
But his description of Creamspan put a smile on my face:

<Meanwhile, I used to have good results anticipating Fed moves by asking the question "What would a thoughtful economist do?" But as Greenspan was abducted by aliens and replaced with a pod-person in 1998, I've since had good results by asking the question "What would a panic-stricken, reactionary, populist, New Era devotee do if he had no concern for anything but the immediate gratification of crisis-avoidance, regardless of long-term economic consequences?" On that basis, there's an outside chance that the Fed will announce a surprise rate cut on Monday morning. The best point for such a rate cut would be very close to the market opening. Again, that's not an expectation, but it is a possibility.>

LOL
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