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Pastimes : Home on the range where the buffalo roam

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To: stockman_scott who wrote (2350)	6/23/2001 10:29:45 AM
From: DOUG H	Read Replies (1) of 13815

Greenspan and his central bankers don't have a magic wand. The mere fact that they chopped rates by a whopping 2.5 percentage points since the start of the year will not be a cure-all. Sure, monetary policy is the best way to steer the world's biggest economy, but it is a long, drawn-out process. The stimulative effects of cheaper money can take up to a year to filter through the economy. The economy must have "shortages". People use the cheaper $$$ to step in and begin to address the "shortages" which begin another economic cycle. Is anyone aware of any shortages?

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