John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (5165)	11/29/2001 11:24:48 PM
From: Hawkmoon	Read Replies (2) of 33421

It's also notable that we were at the height of the Vietnam conflict in 1968 as well... What I think is focusing the Fed's attention more than anything is how to sustain US economic growth when the rest of the world is so lethargic. We've been the only piston in this global economy that hasn't been misfiring, and it appears that even it's starting to knock and ping from carrying the load. 1998 almost took us to the point of depression, closely followed by the turmoil of 1999 and Y2K. Had the Fed not taken the actions it had, we'd see the US being dragged down by the other flailing economies, and the political instability that would inevitably result. And it appears they are trying the same thing this time around, but are expending quite a few more bullets to accomplish the mission. The question is whether this liquidity infusion is doomed to failure in the face of a lack of economic progress from the rest of the world. And I'll tell you what... I would rather the Fed do everything possible to "keep the game going", than to see the world descend into a global depression and the eventual barbarity that generally comes as a result. Hawk

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