Piffer OT - And Other Assorted Nuts Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rich1 who wrote (63043)	1/7/2001 9:37:49 PM
From: Patrick Slevin	Read Replies (1) of 63513

The 1929 cut was way too late, matter of fact there was a lot of political pressure that kept Ben Strong from implementing it earlier. Um, it is my opinion that Mr. Hayes is playing with statistics and his piece has no bearing on reality. For example, his remark that "There is the exceptional situation where the rate was cut early in a recession. The market didn’t react well," he said. That was the case in 1960 and 1981. Well is that the case now? He does not say. So the result of all this shall still be from the benefit of hindsight. The one benefit to derive from this is the lesson that one may look to the media to say a lot and at the same time say nothing. Ned Davis Research, by the way, is supposed to be excellent. I'm not saying the observation is incorrect, just that the prognostication is not clear.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next