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


To: Sully- who wrote (45821)1/4/2002 4:15:44 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
Ryding of Bear Stearns is another rather sharp fellow
but he might be almost 20 yrs my younger
agreed on small likelihood of reduced unemployment by summer
typically the economy begins to grow while the unemploymt level continues for just another quarter or two
so little pressure on Fed to raise rates
they should let things revive to some degree of health

1994 was a very different situation
western world was recovering from the GulfWar
GreenSchmidt raised rates too much, but into stronger economy

I think GreenSnot is so so so scared, he wont want to UCK THINGS UP
he realizes he misread the economy ...
in 2000 (with late rate cuts many months after Yield Curve Inversion)
and in 1999 (with excessive rate increases as Y2K ended)
and in 1998 (with LTCM bailout for his buddies)
and in 1997 (with pre-emptive rate hikes ushering Asian Melt)
and in 1996 (with attacks on Irrational Exhuberance)

time for the GreenMonkey to go quietly into the night
he wont be banging the old lady in retirement much
if he screws it up one last time

the only exhuberance I will show is when this falsely heralded quack exits the scene
the worst forecaster since the Korean War to occupy the Fed
a clinical paranoid man, fearing inflation under every rock
the only more obtuse central bankers are in Europe
well, let's not discuss Japan where stupidity is unspeakable

/ jim