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To: Ken98 who wrote (81405)	12/28/1999 5:52:00 PM
From: Nadine Carroll	Respond to of 86076

My guess is that they are gunning for the y2k angle (real or not) as the fig leaf to hide behind when its pops. Unfortunately, you make a lot of sense to me. If Y2K does not suffice, they will pray for another scapegoat--just so long as the Fed does not take the blame. It is necessary above all to maintain the confidence of the nation in its financial institutions!

To: Ken98 who wrote (81405)	12/28/1999 6:01:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Ken, i knew about this article and am wondering about the good chairman ever since. of course at some senate or congressional hearing this year he mentioned the word bubble 20 times or so...

To: Ken98 who wrote (81405)	12/28/1999 8:50:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 86076

Ken, there are several possible courses but I am taking a wait and see attitude. if Y2K were a disaster it would allow the Fed to try to avoid blame but Heinz and I will not allow that -g- . IMO the Fed is highly political so they will do everything possible to perpetuate the bubble and hassle the mythsters until the election - some think the bubble cannot be sustained that long so they will deflate early and attempt to reflate later. At some point the credit markets and currency markets will put a stop to the Fed's monetary inflation. Ludwig von Mises said " There is no means of avoiding the final collapse of a boom expansion brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved" . The fed seems to be taking the road to tough love and economic violence. ho ho ho Mike