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Strategies & Market Trends : ahhaha's ahs
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To: Bilow who wrote (814)1/18/2001 11:57:45 PM
From: ahhahaRead Replies (2) of 24758
 
The whole decade of the '70s is about to repeat. The FED created all the problems. ALL. Not the energy problem? Guess who gunned the money supply for years under the guise of WinXXX productivity(which is collapsing) which enabled the US to engage in accelerating oil consumption so that the OPEC cut back in supply had teeth? Guess who pumped in a giant load to spare us from the the horrors of y2k which set up the stock market for a crash? FED was only trying to prop prosperity. It is a good thing, isn't it? Their purpose is to do good and they know what is good. Don't they? Now when they pump it adds to inflation more than it adds to output, so the result is business cycle with flat expectation and rising interest rate floor. That is definitely '70s.
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