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To: chic_hearne who wrote (46429)	12/11/2000 10:48:17 PM
From: eddieww	Respond to of 436258

I agree wholeheartedly about government stats. "Lies, damned lies, and statistics!" With the possible exception of the state of the labor market, which I think is as tight as the stats indicate, or tighter. I've been noticing, especially the past two years, the Peter Principle in effect. That is, most people are in professional positions at least 1 or 2 levels above their competency. This observation would seem to refute the fantastic claims of productivity growth, since people in such conditions require vastly more time to get their job done correctly, if they can at all. As for me, having seen graphs that make a strong correlation between loosening monetary policy and increasing prices for stocks, and since my livelihood is going to depend on knowing where stock prices are going, I'm looking for a good primer on monetary policy theory, it's mechanics, and the meaning of all the jargon like "coupon pass" or "repo". I get lost reading Mr. Moto and Prudent Bear's commentary. Anyone got links?