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To: NickSE who wrote (59088)8/27/1999 2:05:00 PM
From: Cynic 2005  Respond to of 86076
 
Notice the bias - they will not acnowledge (and hence do nothing) the sharply rising asset prices. Even though there is enough historic evidence that sharp falls always follow a sharp rise. I guess nobody will like them if they resort to the unpopular choice, eventhough it is the right thing to do.



To: NickSE who wrote (59088)8/27/1999 2:14:00 PM
From: Ken98  Read Replies (1) | Respond to of 86076
 
Looks like we both saw that quote at the same time. Wouldn't you like to just ask the old geezer to point to just ONE instance that the FED has ever done ANYTHING about "sharp jumps in stock prices".

That is, other than do about a gazillion coupon passes and never let the sun set without pumping more money in the bubble machine.

Does he really say this crap with a straight face or is he grinning and winking when he gives a speech like this? I need a drink...


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