Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: patron_anejo_por_favor who wrote (133799)	11/9/2001 9:23:49 PM
From: ild	Read Replies (2) of 436258

Did you see this: What Roach would do if he was in Greenspan shoes: The best the Fed can do, in my opinion, would be to surprise the markets with a more creative and aggressive easing -- something it has been either unwilling or unable to do this year. And it should accompany such an action with an explicit signal that it intends to maintain an exceedingly low level of official rates for an indefinite period of time. Quite frankly, I’m not even certain that would help, but I sure think it beats the current incremental approach. morganstanley.com IMHO It's a tough question. We know what Greenspan should not have done years ago to prevent the bubble, but what should he have done this year to fix the mess? My guess would be "cut and prey, "cut and prey ..."

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