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To: ahhaha who wrote (22427)5/19/2000 5:44:00 PM
From: KW Wingman  Read Replies (2) | Respond to of 29970
 
I have plenty of time to laugh. I took appropriate action some time ago before you posted your critical point.

"new economy" companies are more important than what the fed is doing.

<Instead of ROFLing you should be operating on my critical point. It's the biggest thing to get. Did you get it?>



To: ahhaha who wrote (22427)5/25/2000 12:52:00 AM
From: KW Wingman  Read Replies (3) | Respond to of 29970
 
At first glance, I figured the following was "your critical point"; (because it is what I believe)

"new economy" companies are more important than what the fed is doing.

Now, after having time to reconsider, I realize that I may have been wrong.

You wrote:
<<<<<<
To: Franz Ross who wrote (22328)
From: ahhaha Thursday, May 18, 2000 10:19 AM ET
Reply # of 22547
Your comments are pure patzer. Did you know that people were telling me the same thing 30 years ago? Interest rates don't matter until they matter and then they matter. The NYA, the NYSE, which is loaded with buckets is very near to an all time high. Therefore, what you're saying is trivially false. You missed a very important point in my posts because you are caught up with the sentiment. Better find that critical point. There's nothing like joining the crowd so that you feel safe. That's pure lemming. >>>>>>

I have to hand it to you, you have written so much wisdom it is very difficult to pick out your most "critical point". for example in just in one post to Grace #22321, you spewed out very many points, any of which you may consider to be your "most critical point".

Is your most critical point -

<... FED officials like government officials can't trust people. They know people are inferior and need to be handled like cattle. The result of this attitude is the people act like cattle. > ??? <g>

Or -

< ... people who think they understand the Fed system are illiterate.> ??

could it be -

<what X believes Y will believe>?

or -

<FED undermines what rates would do.> ?

or -

<It is the (FED) undermining which sends the market up.>

or-

<Sentiment is hostage to price and only price.>

or

<Rising rates are murder on bond principal >

-Or-

<The wealth effect is a psychological state where consumer confidence is high so that people are indifferent to price increases.>


I like this one a lot -<g>

<The 3 cent tail doesn't wag the dog.>

or-

<confused between Wall Street and MAin Street. It's an often committed error.>

or-

Economics 101 tells us that when demand exceeds supply, prices rise. <No, it does not. He hasn't taken Econ 101>.

<Total supply can exceed total demand and prices can rise.>

or-

<Price is determined at the margin.>

or-
<In the beginning phase of a stock market advance, demand exceeds supply but prices fall.>

or-

<Demand must do quite a lot of work before the elastic state becomes stable enough so that price can on-balance advance.>

or

<When the price of everything rises, then the Fed has failed in its mission to control inflation.>

or-

<When the price of everything rises there is no inflation so FED hasn't failed in such a hypothetical situation.>

or-

<Paper wealth has other drawbacks. It can be spent just like money on acquiring other companies or bidding up the price of homes in areas where big shareholders want to live, like Silicon Valley or Greenwich, Conn.>

or-

<Overvalued stocks don't just cause inflation, they are inflation.>

or-

<The claim that "paper wealth can be spent like money" shows this person has no clue about what money is.>
(and will get that patzer a "D" in Econ 101 <g>)

or (another sane point)-

<The Fed has another goal: economic growth and stability.>

or-

<If a speculative bubble were to burst, the ensuing collapse could induce the Fed to ease rates and flood the financial system with cash to prevent systemic failures. Most of the illiterati subscribe to this notion>

or-

<the fact is that it is FED which constantly floods the system with cash and creates an environment that drives interest rates upward.>

OR (I hope this is not it)-

<I guess he doesn't subscribe to the notion that the supply of something drives down its price after all.>

(A very stupid point, good buddy; Supply of cash is not the same thing as interest rates. They are only related. Excessive supply of cash DOES tend to drive down the price or value of cash. Interest rates (not the same thing as cash) tend to increase after excessive supply of cash)

or (what I just said) -

< Extra cash drives down cash's extra buying power.>

or-

<The stock market didn't crash because of rates or dollar or any of the other reasons trotted out by the educated elite who have studied much film news to reach these conclusions. It was caused by a synthetic factor: the computerization and the allowance by fool authority for the computers to rule the operations of the NYSE. >

or

<FED is reliably making errors like the one AG made Oct '98.>

or-

<(Feds are)... fools in charge of interest rate policy>?

<how can you follow and fix at the same time? That's pure hypocrisy.>

or-

<A year later, the nation was in recession. The Fed chairman who oversaw that disaster was Alan Greenspan. Think he wants to avoid it happening again?>

or-

<The question is if they can only ,make a continuing collection of mistakes, then why in hell is this ridiculous system retained? It refutes the free market's function>.

Am getting warm now, is it -

<This is pure nonsense.>

I think I finally have your critical point.-

<Whether the moon is made of green cheese or not, the cow should be able to jump over it>


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