If I need to read, it is not going to be fairy tales. Today 31st Dow Record Close. And High Volume despite GreedSpam Fed rate hike!!!
Greenspan cried wolf three times too many, we do not listen to him no more, or at least very little. There is pllllllenty of cash out there too without the Fed, which has seen its day, as presently organized.
You wrote "From: Les Horowitz Saturday, Aug 21 1999 Reply#23851
If Ever There Was A Time For Coordinated Forex Intervention, It Is Now ...The U.S. economy is barreling along, starting to generate some inflationary pressures. The Japanese economy is in the infancy of a recovery with more deflationary impulses at work than inflationary ones"
Only you and Greenspan think there is inflation out there, even the durable goods were up 3.3% and would have been higher if the automobile component was not anchoring them down at 2.0%.
Look if we can produce it AND CONSUME IT at these prices...supply/demand/price...I do not see the "demand" component that is the definition of inflation...higher wages for higher productivity is okay if equal, but productivity is still outpaces GreedSpammer's "wage inflation" imaginary fears...all he is trying to do is bail out your precious Mitsubishi bank and other mergered failed Japanese banks, among other "asian contagion" economic diseases that our US Internet/Tech economy just don't need to nurse maid.
I am,
Truly yours,
-Crystal ball |
