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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (21017)	6/26/2003 12:35:32 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

my takeaway from the Fed comments, no clue on inflation "In contrast, the probability, though minor, of an unwelcome substantial fall in inflation exceeds that of a pickup in inflation from its already low level. On balance, the Committee believes that the latter concern is likely to predominate for the foreseeable future." so the Secy from the non-cabinet Dept of Inflation exhibits zero perception on what inflation is, how inflation occurs, nor the effects on his inflationary policies since 1987 his monetary inflation has produced assets bubble bust also extreme indebtedness also extreme overcapacity and now liquidation I regard the entire USEconomy as undergoing slowmotion liquidity now let's not mince words earnings targets are being met, with declining sales, thru job cuts, reduced capital spending, and idle plant / jim