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To: GVTucker who wrote (47435)1/29/2001 10:18:47 AM
From: michael97123  Read Replies (2) | Respond to of 77400
 
" Rising core inflation is a problem right now, albeit only a small
problem. An overly loose monetary policy runs the risk of accelerating this problem. In addition, the real interest
rate isn't as high right now as it was in '97 or most of '98, given the current rising rate of inflation.


Loose monetary policy "runs the risk" of causing accellerating core inflation. So what! I am willing to take that risk. There is no risk of a coming recession however, because in reality it is here already.