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


To: stockman_scott who wrote (35422)4/6/2001 3:21:30 PM
From: r.edwards  Read Replies (1) | Respond to of 65232
 
Just picked a small amount of Stor, a few meetings/seminars coming up on their schedule,,, risky <g>



To: stockman_scott who wrote (35422)4/6/2001 3:27:39 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
McTeer and the less capable Fed Governors might express commitment
but it is more like TRYING to stem the economic decline
it would take 3% FedFundsRate right now, right now, right now

not 5% as it is
the Fed is not committed to anything but moderation and self-serving aggrandizement
they popped a bubble, now must wait for 18 months at least
well intentioned, but clueless

McTeer is one of the best, but he aint on the Federal Reserve Board no more
he gave up on their faulty econometric modeling last year, spring 2000
nice words, empty meaning, eh hoser?

I talked to a Stanford PhD in Economics during an interview on Wednesday
he is shocked at the incompetence of the Fed and Greenspan
called him "senile, incompetent, with many faulty beliefs not based on data"

/ jim