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To: Mike M2 who wrote (9481)11/26/1997 10:37:00 AM
From: Sam Citron  Read Replies (4) | Respond to of 18056
 
Mike,

Pretty strong opinions. I'm curious as to your expertise in economic matters. Your profile is scant. By what study, training or experience do you claim to be in a position to offer advice to AG on these issues?

SC



To: Mike M2 who wrote (9481)11/26/1997 2:14:00 PM
From: yard_man  Read Replies (1) | Respond to of 18056
 
I feel AG should have tightened money and run the risk of recession because I
believe the coseqences of the negative wealth affect from decling mkts will be more
severe but we shall see.


Most assuredly, we will not "see" because he could not choose both courses of action, only one.



To: Mike M2 who wrote (9481)11/26/1997 5:50:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 18056
 
William, >>Some bulls are anticipating the next easing that would be like gas on a fire.

Don't we have a situtation that if earnings or at least earning growth start slowing that an easing policy would be appropriate. With this case stocks and bonds will decouple. It looks like AG's current strategy of increasing the money supply he can start the process with less risk than lowering the Fed rate.

Joan