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


To: stockman_scott who wrote (49934)4/11/2002 5:11:01 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
Fed govs: alternating from KeystoneCops to Cheerleaders

usually I wish for cheerleaders to suffer from lapses
and show up at the games without undies
but not these clowns

I say leave the economic forecasting to the private sector
they are not all that competent, but much better record

it may be a surprise to many, but
the Federal Reserve has one of the worst forecasting track records among all economists
almost the worst
why is that?
probably because they are politicized
they must justify their existence as Superstar Inflationists
a 1920 $1 bill is now worth 3 cents
a 1980 $1 bill is now worth 50 cents

they are not to be deified
they are to be impeached
/ jim