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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (10713)11/28/2008 1:08:41 AM
From: John Pitera4 Recommendations  Read Replies (1) | Respond to of 33421
 
Hi Tom,

I think that Timothy Geightner, is the key appointment it having someone who has been doing these workout's placed in charge.

Not saying it's a prooud day for capitalism, but in terms of not collapsing into a deflationary spiral... they have the playbook... and are playing it accordingly.

Volcker is after all 81 and is serious economist and FED player, but he's been broght into this for a sideline role.

give you a good analogy. I think you and I enjoyed the movie Tombstone. well Volcker has the role that Charlton Heston had in said movie..... he may be a bit more involved beyond that

I agree with Obama listening to Volcker, he is showing a very large intellectual maturity (Obama) to come into a national system that he knows very little about, and yet and understands that in times of an economic depression he can not bring in his untested group with no politicaL expericence to naviagate the way forward for us. Obama, is smart as the day is long in this respect. Obama has the opportunity to be amone the top 3 President's of this past century with the currect political adeptdness.

John



To: Jorj X Mckie who wrote (10713)11/29/2008 1:26:46 AM
From: John Pitera  Respond to of 33421
 
Tom,

beyond my other post, I have a huge and abbiting respect for Paul Volcker and his tenture at the FED...... HE deserves more credit than any other single Government (From this country or any other for ) or Fed official from swith
ching the mania tide toward inflation, and his 21% or so FF and interest rate policy broke the back of inflation on a global basis back in the 1979 to 1983-84 period. whi
ch cascaseded on in wave until the late 1990's.

JP


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