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Strategies & Market Trends : Drillbits & Bottlerockets
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To: mph who wrote (5952)3/21/2001 12:54:17 PM
From: Lazarus_Long  Read Replies (1) of 15481
 
I agree about the "bubble", but to raise rates so aggressively after having made mistake #1 compounded the error, IMO.
Implicit in this is the assumption that economics is an exact or deterministic science- -or a science at all. We all know otherwise. There is not a red light that goes on or a curve that crosses the x-axis that tells you when to back off. It's by-guess-and-by-golly.
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