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Pastimes : Ask Mohan about the Market

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To: Sam Citron who wrote (9484)	11/26/1997 11:58:00 AM
From: Mike M2	Read Replies (1) of 18056

Sam, I did not claim to be in a position to offer AG advice on these issues I merely offered my opinion but i would be happy to do lunch with AG to discuss the world financial mkts if he is interested.-g- My strong opinions come from reading Dale Carnegies book-g- My experience? I was Jay Gould in a former life-g- OK enough humor. I will state a few of my beliefs. I do not believe the Fed operates independently from politcal pressure.It was created by politicians it can be dissolved by politicians-not that i see this happening mind you.My economic views are influenced by Austrian economics school which believes money and credit inflation fuels speculation and causes distortions in the economy.For a fast and dirty summary of Austrian economics see Vic Sperandeo's "Trader Vic Methods of a Wall St Master" Chapter 10. For a more complete view see Ludwig von Mises works "Human Action" or "The Theory of Money and Credit" . I have not studied the other economic schools extensively i.e. Monetary, Keynsian and so on but the Austrian school makes a great deal of sense to me. "My profile is scant" yes I like it that way like a bikini interesting for what it reveals but more interesting for what it conceals-g- mike

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