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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (5989)	6/17/1999 10:31:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Greenspan Tightens Forget about the end of the month mystery because Greenspan effectively tightened today. Key: "For monetary policy to foster maximum sustainable economic growth, it is useful to preempt forces of imbalance before they threaten economic stability. But this may not always be possible--the future at times can be too opaque to penetrate. When we can be preemptive we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy." It is good to see that AG reads this thread. Preemption was identified weeks ago as the operative issue. Now we can be certain that the Fed. is back to preemption. So now the issue is does "modest" mean?