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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (5250)6/24/2001 3:32:01 PM
From: smolejv@gmx.net  Respond to of 74559
 
You got a point there - the scenario does not reflect the current situation. OTH make it two percent and ask the question again - its mind games. The answer of an old-time religion economist would probably be the same: dont drop (yet) your pants. BTW, forget the possibility that ZEIT recycles old stuff. Would be like Dan Rather doing reruns.

I found Friedman's comment about "we will not repeat the old mistakes" policy interesting. I agree with him that it takes guts to go a different way and that AG deserves at least a medal, when its over, iff it ends in a half-decent fashion.

BTW I heard the same sentence somewhere at the beginning of the Jurassic Park II - the result was, as you know, that they for sure did not repeat the old mistakes - they figured out new ones.

dj



To: Ilaine who wrote (5250)6/24/2001 11:56:36 PM
From: LLCF  Respond to of 74559
 
<FRIEDMAN: The economic recoveries had nothing to do with the monetary policy, they were fed e by a genuine
technological progress>

Exactly....

DAK