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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (21664)	1/18/2005 2:12:44 PM
From: Tommaso	Respond to of 116555

Funny thing, I was thinking about writing a letter to our local paper saying the same thing: Having used short-term scare tactics (socalled WMDs) to get his way, now Bush is trying the long-term approach, meantime neglecting real and serious threats. But my view is that most writers of letters to newspapers are demented unless, like William Faulkner when he wrote to the Memphis newspaper now and then, they are drunk. Anyhow, I was glad to read Krugman, who does have something of a following.

To: Knighty Tin who wrote (21664)	1/18/2005 2:14:46 PM
From: Chispas	Read Replies (1) \| Respond to of 116555

Knightly Tin, I so hope you're right about Krugman ... ... ... ... It was really sad when Jack Anderson had to retire due to health. Seems like we're losing truthful reporting faster than the coverups .. <G>

To: Knighty Tin who wrote (21664)	1/18/2005 2:57:41 PM
From: mishedlo	Respond to of 116555

Fed´s Pianalto says rates must rise further Tuesday, January 18, 2005 6:51:13 PM afxpress.com Fed's Pianalto says rates must rise further WASHINGTON (AFX) -- The Federal Reserve must be "prudent" and continue to hike short-term interest rates until central bankers are more certain that monetary policy is no longer accommodative, said Sandra Pianalto, the president of the Federal Reserve Bank of Cleveland. In a speech to a business group in Pittsburgh on Tuesday, Pianalto said the Fed needed to be alert because the momentum in the inflation process has "clearly shifted away from disinflation." The strategy of pre-emptive tightening is better "than finding out the hard way - for example through a deterioration in inflation expectations or in the inflation picture itself - that we had maintained an overly accommodative stance for too long," she said