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To: JDN who wrote (14615)	10/8/2002 4:00:34 PM
From: ratan lal	Respond to of 17183

The Fed'l Reserve was formed to smooth them out somewhat but now it only appears they postponed them and made the swings WORSE. Oh you shouldnt have mentioned the fed reserve. They are just a bunch of AH idiots ! we keep on saying that we believe in the free enterprise system and that the market will always balance itself out. But we have those AH in there thinking that they are teh GODS assigned to balnce these things. So what do they do when their friends, Nobel prize winning economists at LTCG (?), screw up and invest a few hundred million dllars in derivatives and end up with billions of dollars of losses, our friends come to their aid and screw up the balance that has lasted this long and will prob. continue.

To: JDN who wrote (14615)	10/8/2002 4:54:03 PM
From: Lee	Read Replies (2) \| Respond to of 17183

JDN, Can't argue that the stock market swing is bad. However, as far as the economy and recessions go what we are seeing is longer cycles that tend to not be so high at the high or low at the low. Its like taking a wave chart and elongating it. The time between peaks and valleys gets longer but the peaks are lower and valleys higher. What you have is the precise definition of smoothing out the business cycle. In the end people like long expansions, but prefer the pain to be sharp but short. We can't have both so the duration of the recession gets longer as does the length of each expansion. Lee