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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (4954)	2/17/2000 12:30:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 5676

Arik, I hope you are right, but I suspect based on AG testimony the even if they will raise rates the FED will still pump money into the system. Ag refused to relate to the accelerated growth of the monetary aggregates and caped out by saying the measurements are faulty. Secondly he insisted that not the stock market is the main wealth effect driver but housing prices. Now would add to that that housing prices are not a part of the CPI or PPI calculation. There is no question in my mind that AG and his team are not independent and guide their monetary policy in a bizantyne way . BWDIK Haim

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