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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1230)3/8/2001 9:43:03 PM
From: Telemarker  Respond to of 23153
 
Michael, I believe Greenspan was asked during his most recent congressional testimony whether the Fed. now regretted, or saw error in their restrictive policies of last year. My recollection is that he responded with a resounding "no", citing excessive investment demand and growing economic imbalances in justifying the need for higher rates. I heard this to mean that the investment bubble couldn't continue as it was, although perhaps he had inflation concerns in mind when referring to economic imbalances.

Thanks for sharing your thoughts.
TM



To: The Ox who wrote (1230)3/8/2001 9:43:11 PM
From: Think4Yourself  Read Replies (1) | Respond to of 23153
 
Who says there is no inflation? Certainly not this guy!

Agriculture braces for heavy blows

cnniw.yellowbrix.com

"My December gas bill went from $196 in 1999 to $626 just now," says Don Young, a farmer from Blackie, Alta., and former chairman of the Sunshine Gas Co-op. "There are a lot of people who can't afford a $400 monthly increase, and the gas cost will be even higher in the next bills."


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