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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (8238)	11/28/2000 5:19:37 PM
From: Night Writer	Read Replies (1) \| Respond to of 12662

Good question. I'm not really qualified to answer it, and I can't think of one at this point. I do think the opposite may be more true. The Fed prefers erring on the conservative or high interest side. The theory is less inflationary risk to the economy when you commit a conservative error. A conservative error might do short term damage to the employment rate. That short term damage can be corrected with economic stimulation, but inflation is difficult if not impossible to correct and widely damages the economy on a long term basis. My last "Money and Banking" course was in 1965 and I haven't done any remedial study on the topic.<g> NW