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Technology Stocks : WDC/Sandisk Corporation
WDC 178.23+0.8%Dec 23 3:59 PM EST
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To: hueyone who wrote (19066)2/11/2001 10:12:26 PM
From: Craig Freeman  Read Replies (1) of 60323
 
Hueyone, re: "the notion that the government or federal reserve can permanently engineer the death of business cycles is a fallacious one."

I disagree. If the Fed chose to raise the discount rate to 15% at their next meeting, that would most certainly bring an end to any semblence of a "business cycle" and the markets would plummet during the chaos that followed.

Never underestimate the power of the Fed.

Craig
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