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To: ggamer who wrote (67440)2/18/2000 1:56:00 PM
From: RocketMan  Read Replies (2) | Respond to of 152472
 
Nothing against you but why does everyone with the very little information that we get from the press think that AG is wrong and we are right.

Have you tracked the Dow since last March, when AG started raising rates? And let's see, he raised them because he just knew that inflation was around the corner. Have we seen any? Oh, except for oil, and that was an aberration of economic price-fixing by OPEC. Of course, AG does not believe in using our own SPR to counter economic cartels that are actually inflating world prices, but instead he wants to fight non-existing core inflation by raising interest rates and putting people out of work. Never mind the increasing productivity. You don't have to be a rocket scientist to figure this one out.

am sure he is not working alone and he has a few bright people feeding him information as well.

Other economists that are trained in classical textbook models that only work, sometimes, in forecasting the past?