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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: thames_sider who wrote (31681)	2/22/2001 10:57:38 AM
From: edamo	Read Replies (1) \| Respond to of 65232

thames sider....slip or pun....still the same intent! by charter the fed should not set macro-economic policy....but in recent times the fed was active in areas that they should have left alone because "administrations" had no framework!....the act of congress that created the fed in 1913 was not intended to give it as much power as it has at the moment... greenspan is just a man, as you state, but he has been afforded power beyond that which a man should have.......the fed, which is owned by its member banks are not necessarily neutral in their decision making...economists and econometric models are less then accurate...the greatest growth in the usa economy was during times of no fed interventions.....most economic downturns coincide with fed tightening actions...perhaps coincidental? good luck...ed a. p.s....you are in the area where the thames is a calm meandering stream?