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


To: carranza2 who wrote (86519)1/28/2012 11:17:05 AM
From: Maurice Winn1 Recommendation  Respond to of 219816
 
C2, do you mean to say you have not studied my writings and learned them by heart? Like Moslems study the Koran and learn the words by heart: <
Ha! Finally........

Reading that you finally agree that Gspan 'misjudged' Y2K and the continued post Y2k low interest rate environment is music to my ears.
>

I was writing that in Y2K, moaning that he was not cutting interest rates and then again in the days of the Mindless Zombies bidding house prices to da sky that he was not rapidly raising them [or raising them at all]. But it was more a matter of months and degree than "OMG he is destroying the world". If I was in the FOMC I'd have been voting for a different policy, but that doesn't mean I thought he was off the planet.

Given how close the election was in Y2K and the damage that Gore would have done, perhaps he was right to keep the squeeze on. Similarly leading up to the next election, a housing bust might have put the wrong person in charge.

I have not changed my opinions about those interest rate cuts and increases at all and you can go and read acres of them from the time, conveniently stored upstream there. While there, you might like to read my sooths about gold at $2,000, and $10,000 per ounce though I did not give timing for those.

Mqurice