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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: NOW who wrote (52973)1/2/2001 8:08:03 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
no, it wouldn't be. at this point there is imo no 'appropriate move' anymore. the market is in fact telling him to lower rates, and he will.
the time to act appropriately was in the past, before the bubble took off, or when it became obvious that it was about to. the best cure for a bubble is not to allow it to come into existence. once it exists, you can only await its unwinding and hope things don't get out of hand completely.
what remains very much open to question in light of this is whether lowering rates will have the desired effect this time around.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext