SI
SI
discoversearch

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 : How high will Microsoft fly?
MSFT 481.28-1.8%11:00 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: michael97123 who wrote (44696)5/11/2000 2:50:00 PM
From: Jacob Snyder  Read Replies (1) of 74651
 
What he's trying to achieve is a soft landing (=small but still positive economic growth), while keeping inflation below 2%. That's the goal. It's a difficult job (trying to control a negative feedback loop with a 6-12 month response delay, usually ends up with severe oscillations), and he'll probably end up overshooting in one direction or another. No, he won't choose recession. But he may get it anyway.

Do you have any factual evidence to back up your belief in that "quid quo pro for benign election year policy"? And, if he raised rates steadily through the primary season, what makes you think he won't do it through the election? If Clinton wanted any leverage over Greenspan, he would have delayed reappointment as long as possible.

re: Greenspan's attitude towards politicians: every time he testifies in Congress, he politely threatens the Democrats, telling them he'll have to raise rates more and faster if they increase spending. He always balances those threats with equally polite threats to the Republicans, telling them he'll have to raise rates more and faster if they cut taxes. He wants all the surpluses to go to reducing the deficit, an outcome that doesn't allow any politician to buy votes. He threatens everyone, in a balanced and nonpartisan manner.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News