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Pastimes : Ask Mohan about the Market
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To: Joan Osland Graffius who wrote (9898)12/2/1997 10:56:00 AM
From: HB  Read Replies (1) of 18056
 
Joan, from my somewhat amateurish standpoint (I am ABD in
Econ... -g-), this looks like its somewhat on the bad side
of my expectations, but not out of line. Not even "worst-case"
(well, "world-wide depression" is worst-case, but slowing of
US growth to 2-2.5% next year is not that unreasonable, although
I think it will take awhile for the full effect to hold in the
US.

Dust off your intermediate macro texts, folks. Stuff like
Rudy Dornbusch's texts, that pay attention to international
econ.

And don't give Greenspan too hard a time... he is not in complete
control of the US money supply in a world with such tight
international linkages, and somewhat flexible exchange rates.

BWDIK, FAYKICBFOS

Cheers,

Howard
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