VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: edamo who wrote (34144)	3/20/2001 4:53:56 PM
From: Jim Willie CB	Read Replies (1) of 65232

difficult to challenge the Fed when they rely upon a pillar within their faulty economic model that maximizing employment results in rising inflation I can see it now: Sen Byrd pulls out his 1950's Econ Text and harangues GreenSperm Sen Graham lectures GreenMan on the broken Phillips Curve I hear you, Eddy but the Federal Reserve is beyond reproach the Fed kept raising rates several times, WITHOUT any evidence of inflation, only the EXPECTATION of future inflation by means of faulty econometric models if you fight an inflation ghost, then you get DEFLATION we had a taste in 1998 we will get another taste this year the markets cast their vote after 3pm loud and clear, unprecedented following a third rate cut my targets: Dow 8000, Naz 1650 by spring/summer in cash / jim

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