SI
SI
discoversearch

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.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Victor Lazlo who wrote (66361)7/5/1999 9:59:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
> Why do you even ask for govt figs on the economy?

Because Greenspan supposedly looks to those government figures when he's deciding whether or not to raise interest rates to keep inflation under control.

But the ultimate truth is there is no government statistic that will EVER signal that there is rampant asset inflation. None. Nada.

AOL and Yahoo could go to 50 trillion dollars each in market cap tomorrow, and there is not a single government figure red flag that would pop up.

You'd think after 1929 that they would come up with some sort of statistic to keep tabs on the market. Guess history will repeat itself.