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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: don pagach who wrote (5225)	7/21/1998 3:51:00 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 9980

Thanks for the article on FOMC member Poole. I am not a monetarist, but if I were on the Committee, I think I would be among the dissenters. Paul Samuelson, commenting on Mr. Greenspan's Humphrey-Hawkins testimony today mentioned that he was concerned that Mr. Greenspan wasn't worried enough about the labor markets. biz.yahoo.com With the GM strike getting worse, it looks like labor is feeling confident again. Additionally, the era of lower health-care costs seems to be ending with both parties in Congress attacking HMOs. Can higher costs be far behind? Will Greenspan risk his legacy by keeping rates too low to bail out a bunch of economically reckless countries? I'm a bit worried.