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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Olaf Koch who started this subject8/2/2001 2:51:08 PM
From: t4texas  Read Replies (2) of 95453
 
two views but both blame the fed on front end or back end

Larry [Kudlow] desperately wants two consecutive quarters of contraction in something related to GDP so he can declare a recession. Then he can blame the Fed for producing a recession. I want you to sit down before I go on. I agree with Larry that the economy has been exceptionally weak in the past two quarters and it's the Fed's fault. But I believe it's the Fed's fault for creating too much fiat money in 1997 and 1998, which led to the malinvestment boom. Larry believes that it's the Fed's fault for creating not enough fiat money in 1999 and 2000 to keep the bubble inflated at any cost.

the aug. 1 article is about this.

northerntrust.com
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