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

To: t2 who wrote (78895)	6/17/2001 11:47:20 PM
From: mishedlo	Respond to of 99985

You seem to think like one of those ex-Bank of Japan officials from the early 1990s. In Japan you can borrow for ZERO. Look what it got them. They would be better off with rising interest rates IMO. As for fighting the battle to keep the economy up, you are 100% correct. It will all go for naught, however, in a nice flaming death spiral next year when the recession hits. Greenspan will prolong the agony, possibly (probably) succeeding this year as you suggest. Then it is only a matter of time before housing tanks, consumer spending tanks, and/or inflation gets out of hand to boot. Now, will that be this year or next. Mark my words. This over-intervention by Greenspan will be the most studied economic mis-management in history (along with the Great Depression). As far as I am concerned you can replace Greenspan with a computer program and get far better results. We would not have had all that excess liquidity fighting a non-existant Y2K problem for starters. Tightening would have happened far sooner, loosening would not have been soo much so fast either. Greenspan and the FED have quite simply over-reacted and micromanaged interest rates for a long long time. Now there will be hell to pay. Do we pay the piper this year or next? M