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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (70052)5/22/2001 9:48:23 PM
From: ahhaha  Read Replies (2) | Respond to of 116763
 
The mechanics of the author's explanation aren't accurate but the conclusion is:

What the Fed is doing is in direct contradiction of the way free markets are supposed to work, probably contrary to the charter of the Fed - and definitely very dangerous.



To: lorne who wrote (70052)5/22/2001 10:40:12 PM
From: Nadine Carroll  Respond to of 116763
 
I cannot fathom this authors' reasoning:

Even with the big drop of the last year, stock prices are still very overvalued. And the U.S. economy is doing so poorly right now that we simply can't take a chance of allowing equity prices to decline any more.

So it's officially the Fed's job to prop up the market at overvalued levels? Because the economy now reflects the stock market, rather than the other way around?


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