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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (3828)12/12/2001 7:39:07 PM
From: ahhahaRead Replies (1) | Respond to of 24758
 
There is no time frame because they can make concessions which would mitigate the chronic problem. The history of the FED has been exactly that. In order to continue with their control freak illusions they have to make certain concessions to reality. Reality, the market for how much money will be lent, shows up in the worst form to kick everyone's ass while the governors are protected, rewarded, and extolled for their "genius". Every last one of them is gutless and fearful. Worst of all, they're just like the medieval church in that they're convinced what they do is optimal even while they teach their students that only the free market achieves the optimum.