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


To: stockman_scott who wrote (45951)1/9/2002 9:58:49 AM
From: Jim Willie CB  Respond to of 65232
 
Fed governors are clueless in forecasting
their views are regularly narrowminded
they never consider Mexico in labor for inflation vs unemploymt
they never consider Asia for suppliers in deflation and pricing
I will stop there

they basically insert a finger up their asses, pull it out, then judge the wind direction, as moisture offers them a true read about the economy

on the other hand...
I have never seen so many opposing competent views
some expect strong economic growth this year
some expect reversion to recessionary conditions
I suspect we will some of both in a tricky volatile year
/ jim