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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (66946)10/7/2010 8:57:34 PM
From: TobagoJack  Respond to of 217980
 
just in in-tray


To Fisher's credit, he makes calls to at least 30 different businessmen friends of his in his district each month to gauge how their business is doing. (I heard him talk and I spoke with him a few minutes last year when he was in Hong Kong). I get the impression that he forms his views more from these 30 conversations each month than all the other data that goes across his desk. I think he does "get it" for the most part and that he thinks much more like a businessman than an economic wonk.



To: TobagoJack who wrote (66946)10/8/2010 5:47:22 PM
From: Cogito Ergo Sum  Respond to of 217980
 
Of course a cynic might think that Fisher's job is to do as he is doing :O) Fed can say in good conscience.. we have balance opinion...