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Non-Tech : Derivatives: Darth Vader's Revenge
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To: ahhaha who wrote (431)10/7/1998 3:43:00 PM
From: Sam  Read Replies (1) of 2794
 
This is where Milton Friedman's oft repeated recommendation to expand the money supply by 2% whatever the circumstances would come in handy. We need a stable rock here, something that people can depend on, not stabs at macro manipulation. On the currency thread, someone said that there was a rumor that Japan was going to impose some monetary controls, so the yen carry trade was unwinding, hence the weakness in the dollar. A pretty stupid idea. Of course, it had to unwind at some point. But slower is better.
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