SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MrGreenJeans who wrote (5085)5/21/1998 6:42:00 PM
From: wooden ships  Read Replies (1) of 42834
 
Mr. GreenJeans: Thank you for that excellent citation. During a
first reading, I was at once struck by how baffled these august
economic authorities are in the consideration of a singularly
powerful and robust American economy and nigh full employ-
ment coincident with the absence of profound inflationary pres-
sures (though some might argue that inflation rages through the
equity markets). Swimming against the current, Mr. Jordan was
the lone dissenter to an unchanged federal reserve interest rate
policy. To wit,

"Mr. Jordan dissented because growth rates of various
measures of money and credit in the second half of 1997
and the first quarter of this year were not consistent
in his view with continued progress in reducing inflation.
Recent price statistics understated the trend rates of
inflation. The one-time effects of falling oil prices,
lower food prices, and recent appreciation of the dollar
on foreign-exchange markets provided only a temporary
reduction of inflation. While some re-acceleration of
reported rates of inflation was probably unavoidable,
sustained rapid money growth would risk even higher
inflation in future years. The durability of the economic
expansion would be jeopardized by price and wage
decisions reflecting expectations that the purchasing
power of the dollar would decline at faster rates in the
future. Once such expectations became imbedded in the
economy, even stronger policy actions would be required
in order to re-establish a downward trend of inflation."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News