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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (16121)	1/4/1998 2:48:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 50167

Hi Sonki, first is that I don't have the full text which might help a lot.. second I'd hazard a guess that what he's saying is that they're not sure what's going on and ergo it needs further study etc. This comes from A. that we haven't had this kind of 'deflationary' setting for so long that we don't know what to make of it. B. all our reactionary sensors are set to look for inflation, therefore we're probably not looking through the right lenses. Straddling the issue in my opinion, but doing so with some purpose. Key within the quoted article IMO is this " historically, it has been very rapid asset price declines -- in equity and real estate, especially -- that have held the potential to be a virulently negative force in the economy,'' This points to his intent I think__ which would be to curtail any FAST moves in asset relationships. What do you make of it? Jim