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 (251791)	7/23/2003 6:43:01 PM
From: MythMan	Read Replies (2) of 436258

>>He said one of the reasons for his optimism was that the Fed had been pursuing a low rate policy for a long time. "Monetary policy has been easy a long time," he said. "I've been quoted more than once in saying, it acts a little bit like vodka. You think it's not working, then it sneaks up on you." A fiscal swing from large surpluses to large deficits, in part due to recent tax cuts, should also help, he said. "I don't like deficits and I'd rather not have them over time, but if you're ever going to have one this is the time to have it," he said.<< rofl

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