Discuss Year 2000 Issues Message Board

STOCKTALK

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.

Technology Stocks : Discuss Year 2000 Issues

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken who wrote (7358)	7/28/1999 2:21:00 PM
From: Ken	of 9818

Yardeni:< COMMENT: In his July monetary policy report to Congress, Fed Chairman Alan Greenspan suggested that the stock market is experiencing a speculative bubble. However, he also indicated that it isn't the Fed's job to make that call, or to do anything about it. If it is a bubble, and the bubble bursts, then the Fed will act to mitigate the damage. In other words, even if stock prices continue to soar into record territory, the Fed won't tighten credit conditions unless the positive wealth effect overheats and economy and revives inflation. I believe that competition and the deflationary consequences of Internet will keep inflation near zero. In my opinion, it is a bubble--which is a bear's way of staying bullish. So what could burst the bubble? Beats me: All that comes to my mind is a Y2K-caused recession and deflation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next