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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4191)	6/28/2001 12:44:40 AM
From: Moominoid	Read Replies (1) \| Respond to of 33421

Whatever happens the US will do better than Japan has in the last 10 years IMO.

To: John Pitera who wrote (4191)	6/30/2001 1:49:39 AM
From: Gone to Money Heaven	Respond to of 33421

The FED, has the conflicting policy goals of promoting price stability, but also full employment (maximum non inflationary growth) Theoretically, the Fed has done a good job in the 1990''s as most economists including the FED felt that 5% was the absolute lowest unemployment could go without generating unacceptably high rates of inflation. The past 5 years has been even more impressive when we consider that the US has had very significant additional workers added to the labor pool via the influx of undocumented foreign workers. Now the obvious question is, was this all a product of a runaway speculative mania, in the US economy and in the US Financial markets and we're destined to see a virtueless cycle tailspin ala Japan of the 1990's. Only the Historians will be able to conclusively answer that one. It's always possible that the US is setting a 21st standard for Global economic Integration of Resources and Workers. G