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.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Sojourner Smith who wrote (1296)	5/15/2003 2:59:05 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 4907

This reinforces what Grace was saying. Basically that it was common knowledge, for anyone who did a little bit of research, that the y2k bug was not that big of a deal. Therefore the Fed acted irresponsibly with the money policy in anticipation of the y2k non-event. It wasn't only the Fed with the money policy, the government y2k remediation budgets were astronomical and for the most part, were spent on stuff that either had no connection to y2k remediation or was connected, but was unneccessary.