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Strategies & Market Trends : John Pitera's Market Laboratory

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To: ahhaha who wrote (9072)3/17/2008 10:59:43 AM
From: LPS5  Read Replies (2) of 33421
 
Pursuing the current course FED is following its Oct 1931 error in the opposite direction when they raised the discount rate during deflation.

Absolutely, 100% correct, and yet the only people - besides me (and now you) - I've heard calling for rates being moved up are the commodities wonks; Jim Rogers, et al.

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