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: Simba who wrote (188655)	8/20/2002 4:31:10 AM
From: LLCF	Read Replies (2) \| Respond to of 436258

<I agree. Paul McCulley writes well and quite clearly, it is just that he is so in love with Keynes and the political economy aspects. > He probably sees the writing on the wall... Fed buying airline tickets and movie passes and sending them to everyone on the credit card mailing lists which they'll purchase from the finance companies along with bad loans. dAK

To: Simba who wrote (188655)	8/20/2002 9:40:05 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Simba, Yeah, there is a belief that all cycles are caused by the Fed, which is bizarre. The Fed can be the straw that broke or eased the camel's back, but they are rarely the cause of business cycles. But they can turn a cycle into a bubble and a burst bubble into a disaster.

To: Simba who wrote (188655)	8/20/2002 10:44:40 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

Simba, I agree AG did much to fuel the bubble. Surprise rate cuts during option expiration. His droning on about productivity boom with the implicit promise of strong profit growth when the reality was we suffered the worst profit decline since the 1930s. AGs strong opposition to derivatives regulation. His refusal to publicly admit there was a stock market bubble when privately he recognized it. AG facilitated the greatest transfer of ill -gotten wealth in history. Mike