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Technology Stocks : Compaq
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To: Andreas who wrote (87925)12/14/2000 10:52:13 PM
From: MeDroogies   of 97611
 
While I agree with Kudlow's analysis about raising interest rates, I disagree about AG's role.

The Fed HAS to be concerned with the market. Inflation doesn't just exhibit itself in consumer prices, but also in asset prices. Fisher made that eminently clear in his tracts on monetary management and pricing.

AG understands the psychological damage that can be done with a REAL crash, and did a good job of lowering the market while keeping the economy reasonably balanced.
It is highly likely he will lower rates soon to keep the overall economy in good health.
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