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.
Dusk above the water hang the loud flies Here O so gray then what A pale signal will appear when Soon before its shadow fades where Here in this pool of opened eye in us No upon us As at the very edges of where we take shape in the dark air This object bares its image awakening ripples of recognition that will brush darkness up into light even after this bird this hour both drift byatop the perfect sad instant now already passing out of sight toward yet-untroubled reflection this image bares its object darkening into memorial shades scattered bits of light No of water Or something across water Breaking up no being regathered soon Yet by then a swan will have gone yes out of mind into what vast pale hush of a place past sudden dark as if a swan sang
The Fed Has More Cutting to Do By Rich Miller,BusinessWeek 11/8/01
If Greenspan & Co.'s favored inflation index is any guide, we can expect more rate reductions -- sooner rather than later Federal Reserve Chairman Alan Greenspan and his fellow central bankers look to be pulling out all the stops in their efforts to get the economy moving again. They've cut short-term interest rates 10 times this year, by a whopping 4½ percentage points. The latest reduction, a half-point cut on Nov. 6, left the overnight interbank federal funds rate at a mere 2%, its lowest level in four decades. The largely symbolic discount rate, the rate the Fed charges on emergency loans to private banks, is even lower, at 1½.
Greenspan Talk
While the rapid adjustments are "generally beneficial," "human nature remains unaltered. We respond to a heightened pace of change and its associated uncertainty in the same way we always have. We withdraw from action, postpone decisions, and generally hunker down until a renewed, more comprehensible basis for acting emerges. In its extreme manifestation, many economic decision makers not only become risk-averse but attempt to disengage from all risk."
..................................><jj>º
During a financial crisis, risk aversion rises dramatically, and deliberate trading strategies are replaced by rising fear-induced disengagement from market activity. It is the general human experience that when confronted with uncertainty, whether in financial markets or in any other aspect of life, disengagement is the normal protective reaction. In markets that are net long, the most general case, disengagement brings falling prices... April 14,2000
"Well, to create a new standard, it takes something that's not just a little bit different. It takes something that's really new and really captures people's imagination. And the Macintosh, of all the machines I've ever seen, is the only one that meets that standard." - Bill Gate$
~CONFUCIOUS~
He that would perfect his work must first sharpen his tools.
"If you enjoy what you do, you'll never workanother dayin your life.".....LOL, Ol' Fu didn't know about taxes, or taste of blood?
"Experience is not what happens to a man. It is what a man does with what happens to him." -Aldous Huxley
............................................................................................................~j~ "What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do." -Bob Dylan
