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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: SouthFloridaGuy who wrote (1649)1/3/2001 11:34:02 PM
From: Hawkmoon  Read Replies (1) of 74559
 
the IMF would have prescribed a healthy dose of 50% interest rates and economic depression to weed out the excesses

Well, that's an interesting theory S/O... But I sure am please that you don't work for the IMF (and no, I won't be asking any of the people I know WHO DO WORK FOR THE IMF to get you a job there.. :0)

You would recommend hiking US interest rates to 50% and an economic depression? Amazing.... simply amazing.... Normally such measures are reserved from economies who's corruption and graft have caused their currencies to collapse and financial confidence to utterly dissolve.

You have lost track of the bigger picture S/O. Sure the Nasdaq may be trading at 100 times earnings, but the Dow stocks are trading at 21 times, and the SPX at 25 times, neither of which represent anywhere near a speculative bubble.

So for you to tell us that US monetary policy should be targeted solely at one particular index seems rather hasty and irresponsible.

But get your rest and come back next week and tell us why the USD requires massive rate hikes, and not cuts, despite the fact that the US dollar index has been trading well for the past several years and no well near its highs of the '80s:

decisionpoint.com

I'll be waiting with bated breath... <VBG>

Regards,

Ron
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