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To: Yaacov who wrote (82050)3/18/2001 1:12:54 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 436258
 
Yaakov, the additional 25 bp can make miracles as far as perception goes. All what is needed now is perception. The FED must balance out between to much liquidity wen not needed to to tight monetary policy as it is now.

They are to blame by generating the bubble starting the second half of 1998 and will be blamed for the oncoming world recession. Both could have been avoided if the FED had acted properly.

Haim