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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (52441)5/28/2000 9:51:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
George as long as the FED funds are below the rate of GDP growth the policy is not restrictive. Now the GDP is over 6% for the last 6 months. Therefore, the FED is now not restrictive but only neutral. IMHO real inflation is over 5%

The FED's mistake was not taking into account the real estate and stock market inflation which signaled the inflation in all economies. If the FED had taken stronger action e.g 0.5% rise back in June 1999 we would not had this bubble and irrational transfer of wealth to all the Thieves, Swindlers and Robber Barons.

It breaks my hearth hearing that decent people are loosing their life savings to those gangster who manipulated so many fluff stock higher.

Most DOT.COM chieftains and their associates should go to jail and stripped of their monetary gains similar to the S&L episode, as they did released misleading financial statements and made misleading public statements and promises to lure people to buy the stock of their companies at insane high prices.

As a hint some of those people are on the cover of Business Week dated May 15, 2000, and have no right to walk free, as they are all just your ordinary swindler and charlatan in an year 2000 version, who will sell you the Brooklyn Bridge with a straight face.

Haim