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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (10672)	8/6/2002 12:02:47 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 16631

Do you have any idea how condescending it is when you consistently say that I am either oversimplifying or overexaggerating things? Besides, "overexaggerating" is redundant. Do you really think I am an idiot? But in response, the bubble and subsequent collapse is easily traced to the irresponsible easy money policy of the Fed. What you are recommending is that we take more of the same medicine that made the economy so deathly ill in the first place. If we have further rate cuts that induce more consumer spending, all that it will do is rob future sales. This is easily shown with what happened in the auto industry in the past 10 months. And people who are laid off just don't go out buying new houses, regardless of the interest rates. If you want a good example of where the current money policy will lead, especially if we have further rate cuts, just look across the pond to Japan. Yeah, that free money is sure helping things out over there.