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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: Snowshoe who wrote (22179)9/9/2007 4:26:14 PM
From: Slagle  Read Replies (1) of 217838
 
Snowshoe,
Ok, so Y2K was a big problem. But still a problem limited largely to the IT industry and IT systems elsewhere.

The Y2K stock market bubble was the biggest economic bubble of all times, that is unless it has been surpassed by the housing bubble.

And there is no doubt that the level of fed stimulation related to Y2K was WILDLY excessive, heck right up to 9-11 the market had been falling like a rock and what stopped that was another round of overstimulation, this supposedly for 9-11.

So you think the Y2K problem required an stimulative response of epic proportions, more on the scale of Pearl Harbor or even greater?

I think not, but what do I know.
Slagle
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