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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Ken98 who wrote (81405)12/28/1999 8:50:00 PM
From: Mike M2  Read Replies (2) of 86076
 
Ken, there are several possible courses but I am taking a wait and see attitude. if Y2K were a disaster it would allow the Fed to try to avoid blame but Heinz and I will not allow that -g- . IMO the Fed is highly political so they will do everything possible to perpetuate the bubble and hassle the mythsters until the election - some think the bubble cannot be sustained that long so they will deflate early and attempt to reflate later. At some point the credit markets and currency markets will put a stop to the Fed's monetary inflation. Ludwig von Mises said " There is no means of avoiding the final collapse of a boom expansion brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved" . The fed seems to be taking the road to tough love and economic violence. ho ho ho Mike
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