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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Defrocked who wrote (1984)7/22/1999 9:49:00 AM
From: Henry Volquardsen  Read Replies (2) of 3536
 
LOL

I was thinking the same thing this morning. In the old days, pre Humphrey-Hawkins, Fed governors would rarely speak in public. You wouldn't hear any comments on policy until the minutes of the meetings were released. Back then Fed watching was the equivalent of Kremlin watching. We would spend hours analyzing obscure stats and parsing dense language from old Fed reports trying to get a glimmer of what the focus was. Now Fed watching is turning on CNBC to see if AG has a fat or thin briefcase <g>. Now these guys are all over the place and won't keep their mouths shut. So now instead of stats we try to analyze what Greenspan et al are saying. I liked the old days better (of course that might be because I was younger and in better shape and young women didn't think I was safe and cuddly <g>).

Henry
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