Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (179744)	7/14/2002 7:08:06 PM
From: Oblomov	Respond to of 436258

LOL... maybe... but given that he rose to the position that he did, I think it's obvious that AG is intellectually flexible , pragmatic, and not dogmatic. Right or wrong, it's likely that he changed his mind many times in the years following that purported conversation. Even if a) the conversation did occur, and b) AG did believe in Kondratiev cycle theory (despite no evidence of this), and c) he still believes in K-cycle theory (likewise), and d) he thinks that we are in the downgrade of the cycle, and e) he still thinks that he can mitigate the downgrade, it still does not mean that the policy actions of the FOMC reflect this. I find it a bit difficult to believe that the academic research justifying the FOMC actions is just part of an elaborate facade to support a decision that is really based on K-cycle dogmatism. AG can be wrong for many reasons. Believing that he can stop the K-cycle downgrade (if in fact he does believe this) is not the only way to be wrong.