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To: SeaViewer who wrote (187580)8/13/2002 5:40:55 PM
From: yard_man  Respond to of 436258
 
Wow -- does that guy want to keep his job??

Was the editor away on a fishing trip??

LOL.

>>The point is, the nation pays a terrible price for allowing this cloistered governing institution to evade serious public scrutiny and tougher questioning. Financial markets always matter, but finance is supposed to serve the real economy, not the other way around. Until the Fed's distorted priorities are corrected, the U.S. economy will continue to experience deep troubles.<<



To: SeaViewer who wrote (187580)8/13/2002 5:50:02 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
The guy is more than a little off on the fiscal stimulus thing, though. We are already doing that in historic measure ... and now we need a war to accelerated it???

>>The Fed and the White House should prepare a substantial, well-timed package of monetary and fiscal stimulus designed to kick-start the real economy of goods and services.<<

Everybody wants interventions -- no one likes free markets at all.



To: SeaViewer who wrote (187580)8/13/2002 5:59:31 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 436258
 
the washington post...isn't that the same paper that a year ago was applauding the SEC's hands-off approach?



To: SeaViewer who wrote (187580)8/13/2002 6:43:10 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
Fleck talks about this article in tonight's Rap, an excellent piece. Fleck alone is worth the cost of subscribing to realmoney.