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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (48988)	3/13/2001 3:09:55 PM
From: Jim Willie CB	Respond to of 57584

how do modern economists and Greenspan get more in sinc with changes in the economy, such that their easing and tightening actions maintain a tighter contact with the underlying economy incredibly simple have the FedFunds target rate follow the 3-month Treasury Bill yield when the 3mo yield drops in a stable fashion over the course of a month, then react quickly to adjust the FedFunds rate... dont wait for much ballyhoo'ed FOMC meetings... they are a celebrated public joke the secret to the economic expansion from 1994 to 1999 was that the Federal Reserve followed the 3-month TBill yield closely, allowing the expansion... GreenBoy publically stated that he was "experimenting" to see if the talked about productivity gains thru technology were real or not... they were real... the last time GreenDick disobeyed the 3-mo TB yield dictated lead, we got the Asian Meltdown... GreenMan was praised prior to the Thailand shock wave for taking pre-emptive action against inflation... what inflation?... how foolish a policy, how ignorant a public response there is no self-regulation within the economy when THE FEDERAL RESERVE PURPOSELY BRINGS ABOUT A YIELD CURVE INVERSION... this policy simply is slamming the brakes on an otherwise healthy economy... if it needs to slow down, then internal mechanisms would lead to money flying out of the credit market, thus raising rates of interest I am pleased to see absolute bashing of Fed policy around the media... surprisingly, the BS on CNBC is treating GreenScrotum with kid gloves... they revere him, since they have no idea what free markets are all about, or what forecasting consists of the stock market has been a big part of the RETIREMENT FUNDS element within the economy... this was dictated by the last 15 years of legislation on 401k savings programs, thus relieving employers from having to manage pension funds... THIS WILL BE A TIME BOMB, WHICH WILL EXPLODE IN ABOUT TEN YEARS, since 75% of American citizens, myself included, have insufficient funds to retire on take it easy watch those brakes maybe get some new pads and I dont mean padded bras / Jim Willie