Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (13786)	1/22/2002 8:42:03 PM
From: Maurice Winn	Read Replies (1) of 74559

Yes, but it does get things going! Anyway, it's not artificially low. The Fed is the defining body so whatever they decide is in fact the natural level. Like tides, it doesn't stay constant. People have to learn to swim at the right time and keep their boat in deep water and children in shallow. There is no such thing as a 'natural level' for the $. It's an artifice created by a political entity for the purposes of trade. It has no natural characteristic at all. So, when the Fed does something, that's not artificial, it's natural. Mqurice

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