Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (2876)	7/1/2003 10:14:27 AM
From: Wyätt Gwyön	Read Replies (2) of 4907

Grace, why do you say the Fed cannot fix interest rates? sorry if i misunderstood you, but i thought you said that. if you meant in a more limited context, please elaborate. obviously it fixes the Fed Funds Rate, no? and it fixed the long bond at 2.5% back in the early 40s, no? Jim Grant always says the Fed can either fix the rate, or fix the money supply, but not both at the same time. he likens this to the market situation of all monopolists who can set either the price or the supply of their goods but not both at the same time.

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