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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: limtex who wrote (21745)12/4/2000 11:02:44 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
Greenspan repeats his past errors, despite accolades
he tightens until he sees evidence of slowdown
but he uses poor leading measures
we slow in the US economy
but the World economy slows worse
that takes the US financial markets down further

no such thing as a Soft Landing
only way to avoid it is to eliminate Federal Reserve tinkering
as soon as crude oil got over $30 this spring, Fed shouldve begun cutting rates

YOU CANNOT MANAGE THE ECONOMY
MARKET MECHANISMS (STOCK-BOND-CURRENCY) IS MORE EFFECTIVE

the Prez election resolution and Fed neutrality should provide a nice bandaid with gauze
and might buy about 5-10 days
case closed, Jim
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