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.
Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Oral Roberts who wrote (62269)12/20/2000 7:43:55 PM
From: Ramsey Su  Read Replies (2) of 63513
 
Jeff,

the fed has a very very simple job. Trust me, any idiot, including myself, has a better than even chance in good an EXCELLENT job. Why? If I don't know nothing and do nothing, that is most likely the best Fed policy.

The Feds have 4 tools:

1) the all attention getting Fed Rate.

2) controlling money supply vis purchase and sales of treasuries.

3) set reserve requirement levels for banks, thereby controlling credit supply.

4) set margin requirements.

(disclaimer: my econ degree was long time ago and memory not so good these days)

Greenspan and the Feds made the wrong move, just about everytime they made a move.

Ego is a very bad thing. Greenspan clearly believes he is so influential that his jawboning is enough to move the world.

I still think that there should be congressional hearings, investigating what the feds did to accomodate LTCM and the Wall Street firms who made money when they should have lost their shirts. It reeks of 3rd world cronism.

Ramsey
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