MDA - Market Direction Analysis 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.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jttmab who wrote (35712)	12/22/1999 10:02:00 AM
From: pater tenebrarum	Read Replies (2) of 99985

jttmab, you are of course right...i should have formulated my statement a bit differently perhaps. what i meant was specifically the Fed's interference in the interest rate setting process. imo interest rates should be left to the free market exclusively and not a bunch of bureaucrats. one would also have to look a bit more closely at what the FOMC does aside from setting the funds rate, like flooding the market with fiat money. while the stock market is certainly delighted that the Fed has been engaging in this practice with abundance over the past few years, it is highly questionable whether the economy was served well by this in the LT. we can discuss this in more detail later on, but my main point remains: why should a handful of essentially unaccountable bureaucrats determine what the 'correct' interest rate for money is? we would be better off if this were left to the markets. regards, hb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next