Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5089)	5/21/1998 9:31:00 PM
From: MrGreenJeans	Respond to of 42834

Time will Tell <<Re: Samuelson said, ''Since the summer of 1996, my judgment has been that the Fed should tighten up a little. I told Greenspan what should be done,'' I think the great economy over the past two years have proven that Mr. Samuelson was in error and Mr. Greenspan was correct. >> Managing the economy is at best an art and not a science. Admittedly, Greenspan has been one of the best Federal Reserve Chairmen that this country has had. The Fed often does not react early enough at times and often overreacts at other times. Only after a long period of time is at obvious what should have and should not have been done in terms of adjusting interest rates and quite frequently the action taken has ambiguous, debatable effects.

To: Investor2 who wrote (5089)	5/22/1998 1:47:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 42834

>>I think the great economy over the past two years have proven that Mr. Samuelson was in error and Mr. Greenspan was correct.<< samuelson also is taking a longer term view and he said as such in the piece. he said that short term benefits of the great economy to which you refer may be outweighed by future economic problems. one must wait for the next 12-36+ months before we know whether greenspan was right or whether samuelson was right, imho. using the short term to prove greenspan is right when samuelson stated long term isn't fair, imho. good luck. i'm 50-50 on deflation or inflation. i'm pretty sure we will se one of the two in the not too distant future.