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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Investor2 who wrote (5089)5/21/1998 9:31:00 PM
From: MrGreenJeans   of 42834
 
Time will Tell

<<Re: Samuelson said, ''Since the summer of 1996, my judgment has been that the Fed should tighten up a little. I told Greenspan what should be done,''

I think the great economy over the past two years have proven that Mr. Samuelson was in error and Mr. Greenspan was correct. >>

Managing the economy is at best an art and not a science. Admittedly, Greenspan has been one of the best Federal Reserve Chairmen that this country has had. The Fed often does not react early enough at times and often overreacts at other times. Only after a long period of time is at obvious what should have and should not have been done in terms of adjusting interest rates and quite frequently the action taken has ambiguous, debatable effects.
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