Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stockman_scott who wrote (39389)	7/26/2001 10:16:19 AM
From: Jim Willie CB	Respond to of 65232

nice list of Fed hikes,cuts over the years sure looks like a drunk driver to me raise, cut, cut, raise some, then leave it alone for some prosperity raise, raise, cut, raise, raise recession, oops abolish the Fed their twin chartered responsibilities are to encourage maximum employment and zero inflation they have largely ignored the first edict they focus almost entirely on the second edict I think all the money supply acceleration in 2001 has had a strange effect not sure about this, but seems to have: - lowered home equity loan rate (spend more savings) - lowered obscene credit card interest (reduced rape, little new spending) - prop up stock market (prevent Dow 30% decline) - indirectly lowered mortgage rates (kept housing strong) now we all wait for shock waves, staring at each other hoping that someone lights a match to all the tinder so far, no ignition / jim