SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: THE ANT who wrote (78946)9/3/2011 4:03:35 AM
From: elmatador1 Recommendation  Read Replies (1) of 217836
 
Macroeconomists are always trying to see the results of their actions or how the market is moving. That enable them to prepare their arsenal of countermeasures. They may see the wrong signs and misinterprete them.

Take Greenspan irrational exuberance. He saw it. But was persuaded that Y2K would cause damage to the economy and opened the tap.

And Bernanke. He saw some signs in the US economy and interpreted them as the growth coming. Called them greenshoots. They weren't.

Greenspan saw the economy tanking. Called 'going through a soft patch'. But it was not a soft patch. It was on the way to no growth a la Japan.

In the case o Mantega and Tombini, it can be that they are very confident they have enough weapons in their arsenal to act as they are doing.

In the case of foreign analyists it can be that they have not seen a country with Brazil's profile (growing from a lower base but inside the demographic window and already totally urbanized) in their life time (not knowing Portuguese is also a problem for them) and have no way to grasp what is really going on there.

But those guys and girls here in the thread have the luck to have Elmat enlightening them :-)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News