SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: UnBelievable who wrote (100462)5/8/2001 12:34:41 PM
From: pater tenebrarum  Read Replies (4) of 436258
 
what's most astounding is the conclusion drawn in this article, namely that this heightens the chances for more interest rate cuts. mind you, i'm not saying the conclusion is wrong, only that the fact that this is so is rather strange. there's a clear warning here: nobody is worried about inflation...not one economist, mainstream or otherwise, expects it. the Fed has been seduced by this consensus (as it always is) to pursue an absolutely reckless monetary expansion...all of which leads me to believe that perhaps the 'false spring' inflation episode will become more pronounced than i originally thought it would.
and then, when finally everyone is worrying about inflation once more, comes the final policy blunder that leads to the deflationary K winter contraction. it would be a case of 'everything that can go wrong, will go wrong'.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext