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Non-Tech : Money Supply & The Federal Reserve
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To: ahhaha who wrote (46)8/10/2002 12:58:54 PM
From: Challo Jeregy  Read Replies (1) of 1379
 
You have no argument from me, Ha -

I've been following and posting the Fed's movements for years now. I suppose my posted stmt was rhetorical in nature.

Back in '96, when the knight made his irrational exuberance stmt, he could have controlled the situation by changing the margin requirements or adjusting the rates or even withdrawing liquidity. As we all know, the LTCM, Asian crisis, etc had him experimenting with the economy as a scientist experiments in the lab. We know, from his own words, how he longed to be Fed during the Kondratieff cycle. We are his petri dish, so to speak.

I am just trying to hide near the edge of the dish, smashed in amongst the crowd, so the mad scientist doesn't see me. -g-
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