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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: George Martin who wrote (72685)	3/19/2001 1:15:20 AM
From: Yorikke	Respond to of 99985

The fed chairman is not supposed to vie for public popularity. There are many who have served well in the post who were publicly ridiculed and even hated. AG has had his periods of disfavor but never where he has fallen completely from the upper social lists. The question is if gutting the economy to keep everyone happy will keep him on the A schedule. Not likely. everyone's focus on interest rate moves makes them all the more immaterial. The vast pumping of liquidity into the system, the 30% rates of growth in government credit corps., the continued expansion of private sector debt; these are the issues that matter, yet are being ignored. Lending money at attractive interest rates counts for nothing if large percentages of the loans are for ventures that will ultimately default. It can be covered, refinanced, leveraged, and renamed; but as the Japanese have found it will not go away. Money can not be burnt in the stupidity furnace and then just wiped from the books as if it never existed. Unless, of course, one is the government, or one of the vast array of crooks, shammers, bankers, shysters, and wall street experts that plan on letting Joe Taxpayer foot the bill once again.

To: George Martin who wrote (72685)	3/19/2001 5:15:37 AM
From: John	Respond to of 99985

This outcry is coming from Dems and Repubs alike. This is because their political lives are at stake! When America sees it wealth rapidly evaporating before its eyes day after day, you can bet its registered voters will vote out everyone in power. No prisoners! Heh. Considering the 2000 election debacle, and the present state of the stock market, I would venture to guess the 2002 legislative election will yield the largest voter turnout in history, and will include the largest congressional incumbent tossout in history, including members from both sides of the aisle! Many elected officials are going to pay! Heh! I also can't imagine another appointment for the senile old fool Green$hit. He is a radical old arse. Let's get Larry Kudlow in there and we can go crazy for a few more years before the dike eventually breaks wide open and makes 1929 look like a walk in the park!!! Heh!! Ciao, John