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To: LLCF who wrote (16830)	11/16/2000 10:05:55 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

This from a post an hour ago......????? On the Clown Killer Thread: From: LLCF Thursday, Nov 16, 2000 9:11 AM ET Reply # of 37986 <. Just think how many of them lost their shirts following his hair brained advice. > Any idea?? I used to rail on him over there after reading some of the stuff he spewed... now I've given up. What happened in the last hour to make you change your mind. Would it be the 2 week old News Release???? Please! David! Please! Don't Start! It has been so peaceful the last few days.....you stick out like a sore thumb. dealie

To: LLCF who wrote (16830)	11/16/2000 10:09:03 AM
From: edamo	Read Replies (1) \| Respond to of 65232

llcf "recessions happen, look at history" yes, look at history and see what the trigger event has been....not a random, usually government or fed tight money policy.....apply common sense, increased rates, tight money are inherently inflationary.....even the best of econometric models has always been proven wrong. free markets, market supply and demand allow an economy its natural ebb and flow, without creating excess ...

To: LLCF who wrote (16830)	11/16/2000 10:37:54 AM
From: Boplicity	Read Replies (1) \| Respond to of 65232

we shouldn't be using the R word it hasn't happen, and there is a good change it might not, it's slow down and attempt at a soft landing for now, which the FED engineered. FED has way too much power and they have blown it time and time again in the past, maybe they will not this time. greg

To: LLCF who wrote (16830)	11/16/2000 11:15:53 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

smell the coffee, DAK.. most recessions caused by Federal Reserve except for the 1973 OPEC long recession, almost every single recession has been caused by the Fed continuing to tighten too long, ignoring evidence of slowing economic data, underestimating the lagged effect of their action, and most of all... misinterpreting the late stage inflation uptick this uptick arrives when the economy begins to slow, leaving the productivity engines somewhat neglected, allowing the excess labor force to continue on the payrolls, thus resulting in a little inflation the Federal Reserve historically raised rates PRECISELY at this critical point, INSTEAD of lowering rates so as to bring liquidity lifeblood into those engines EVERY SINGLE RECESSION EXCEPT MID-1970'S WAS AVOIDABLE a free bond market would have avoided every single one except mid-1970's as long as the Fed remains on "inflation bias", they are poised to repeat their historical error Greenspan knows about this past historical error he openly discussed it this spring in Congress amazing how much you and others excuse the Fed's errors as "history" the so-called cycle is exacerbated by human intervention of a natural equilibrium mechanism known as bond market the Federal Reserve was set up to avoid Depressions and to respond to emergency situations like the Asian Meltdown but they routinely act on everyday basis, not in emergency situations and yes, the Asian Meltdown was exacerbated by excessive rate hikes in the midst of world economic slowdown, despite their protest again, amazing how much forgiveness made to this bunch they are conditioned by 1970 conditions / Jim