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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (119244)9/1/2001 6:31:02 PM
From: Maurice Winn  Read Replies (1) of 436258
 
<He certainly did foster a bubble -- both in word and deed.>

Can you show me the word please? I haven't seen or heard any, but certainly haven't seen or heard all his words, but those I have are the opposite [the concern about irrational exuberance for example and how to know when that is actual]. He became [overly late in my opinion] aware of the productivity bonus of tech stuff and some would say the acceptance of that is a promotion of a bubble. I disagree.

What was the deed? Printing a bunch of dollars and lowering interest rates in the late 1990s when there was NO inflation and deflation was more likely is not bubble-building. There is STILL no inflation [houses notwithstanding and those prices won't continue rising].

People who indulge a wishful-thinking bubble are going to form a crowd and go mad. It happens time after time after time and central bankers don't have a lot of power over it [until the madness has pretty much run its course].

I'm from Noo Zealand.

Mq
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