Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (22909)	4/11/2005 12:41:58 PM
From: philv	Read Replies (2) of 81247

What do you think of this guy, trying to scare people with inflammatory statements like: "An Economy On Thin Ice" "But as things stand, it is more likely than not that it will be financial crises rather than policy foresight that will force the change." "What I am talking about really boils down to the oldest lesson of economic policy: a strong sense of monetary and fiscal discipline." (the guy is obviously delusional) "under the placid surface, there are disturbing trends: huge imbalances, disequilibria, risks -- call them what you will. Altogether the circumstances seem to me as dangerous and intractable as any I can remember, and I can remember quite a lot." The old guy must be doing opium, having a bad trip. What does he know anyway? Besides, we are living in a new paradigm, and he just doesn't get it. washingtonpost.com The writer was chairman of the Federal Reserve from 1979 to 1987.

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