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To: tekboy who wrote (39271)2/14/2001 7:38:49 PM
From: hueyone  Respond to of 54805
 
That was interesting article on the Fed. Fleckenstein on the SI home page has been making similar arguments about the Fed's actions in response to the Asian crises and Y2k for quite some time. He has also argued that to unwind the Fed's excess liquidity from that time would require a massive revaluation of the Nasdaq. Last time I read Fleck he didn't think we were finished with the revaluation even at today's levels. But Fleckenstein also appears to be a perma bear of sorts.

Best, Huey