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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (87924)12/14/2000 5:55:25 PM
From: Andreas  Read Replies (3) of 97611
 
Elwood;

Larry Kudlow, who appears often on cnbc, made a point several months ago, that never in the history of the fed has the fed ever been able to raise rates without causing a recession!! He went on to say on numerous occasions that AG went way way too far. His opinion was that there simply was no meaningful evidence of inflation and AG was hung up on the stock market and wanted to bring it down. He also said that the stock market's action up or down is not a part of AG's job description. Kudlow has criticized the fed for months about their rate increases which he believes would end with a recession. I think he is right on. AG blew it!! In fact, in a rare bit of candor, Bill Seidman also stated today that AG should lower rates on tuesday! AG is hardly the genius that politicians claim. He's behind the curve and only the natural forces of the economy have kept his tit out of a ringer in the past. It's now reality time and the weaknesses of the Greenspan policy is become all too obvious!!
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