Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (52048)	6/4/2006 11:26:39 PM
From: mishedlo	Read Replies (1) of 116555

Federal Reserve And Inflation Targeting If, as I suggested in a previous commentary web-xp2a-pws.ntrs.com, the Fed were to target and achieve some steady rate of growth in the credit it creates, the amplitude of real economic cycles and price cycles – cycles of both consumer prices and asset prices – would be damped northerntrust.com Bingo Target credit NOT prices I have been harping about that for a long long time. This is the first I have seen Kasriel say it. Mish

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