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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (2411)	6/25/2000 10:19:00 AM
From: Gersh Avery	Respond to of 33421

I believe that you are correct. I think that fed will overshoot.

To: Rarebird who wrote (2411)	6/25/2000 10:37:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 33421

Rairbird, >>But I think the Fed has illusions of grandeur as the supreme monetary mechanic which can fine tune the exact level of growth it wants. You have been listening to Wall Street to much.<g> I happen to think these men and women at the Fed know that they can not exact the level of growth it wants, and so be it if we get a recession. There is no doubt in my mind they know that the debt growth by the government, corporations and the citizens must be stopped, and what ever it takes to do that they will live with. Recessions are not all that bad, they do clean out the excesses and we certainly have a dirty house at this time. It is time to get the old vacuum cleaner out and clean up the house!!!!!! Joan