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To: patron_anejo_por_favor who wrote (142093)1/7/2002 6:43:41 PM
From: Tom Smith  Read Replies (1) | Respond to of 436258
 
don't need Greenie because the productivity of US workers is about to gap up:

cnn.com



To: patron_anejo_por_favor who wrote (142093)1/7/2002 6:47:16 PM
From: reaper  Read Replies (1) | Respond to of 436258
 
yeah, i saw that
but some of them still don't get it; they blame him for RAISING rates but not for the bubble that necessitated the raising.

Greenie goes down in flames by March '03 is my guess.

Cheers



To: patron_anejo_por_favor who wrote (142093)1/7/2002 7:59:20 PM
From: byhiselo  Respond to of 436258
 
<As for the Fed, Galbraith called for a congressional investigation into why the Fed's army of economists failed to forecast either the stock market bubble or the recession. And to find out why the Fed kept raising interest rates into 2000 to fight "purely imaginary, purely illusory inflation.">

i'm sure it was a purely rhetorical question since it presupposes Galbraith thought the Fed knows what the hell its doing, now about that army of economists, retro-role for them somewhere in LOTR?

cheers