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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (35422)	4/6/2001 3:27:39 PM
From: Jim Willie CB	Read Replies (1) of 65232

McTeer and the less capable Fed Governors might express commitment but it is more like TRYING to stem the economic decline it would take 3% FedFundsRate right now, right now, right now not 5% as it is the Fed is not committed to anything but moderation and self-serving aggrandizement they popped a bubble, now must wait for 18 months at least well intentioned, but clueless McTeer is one of the best, but he aint on the Federal Reserve Board no more he gave up on their faulty econometric modeling last year, spring 2000 nice words, empty meaning, eh hoser? I talked to a Stanford PhD in Economics during an interview on Wednesday he is shocked at the incompetence of the Fed and Greenspan called him "senile, incompetent, with many faulty beliefs not based on data" / jim

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