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Strategies & Market Trends : Mu Gamma Lambda

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To: Raymond Duray who wrote (1952)	7/11/2001 1:25:17 PM
From: Augustus Gloop	Read Replies (1) of 10077

I think you make a very sensible case in your post as to the fed. However, I don't believe they needed to see the NAPM data to know that things had taken a nasty turn down. IMO this wasn't just evident by the downturn in the equity markets, it was evident in the economy to such a degree that even the average joe was starting to fear a bad economy. For me personally, I was feeling this concern in September. Surely the FED had to see some of the same issues. I mean if I, JOE LUNCHBUCKET, was feeling this they certainly had to be seeing it in some data. As far as Privatizing SS goes, I'm not suggesting that we redirect into the stock market. My belief is that whatever % (because it can't be 15.3 if we intend to keep medicare and medcaid alive) we save should be directed into (to begin with) some sort of passbook savings under our own name. To continue to put our government, an agency with a history of waste and **cked up programs, in charge of our money is foolish. I don't claim to have all the answers but I do know one thing - THE GOVERNMENT IS THE LAST GROUP OF PEOPLE I WANT TO CONTROL MY MONEY. They rank right up there with unions for me.

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