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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (430)	10/7/1998 3:25:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 2794

You could also look at hirings. I'll have to look around for an appropriate site for that. If Greenspan doesn't have it right, then we are in great danger. I never question the accuracy of FED data, I only question the response to it. His comments imply to some extent arising fear about the impact of international slowdown on the US. Teitmeyer said each country must conduct policy independently of foreign considerations. To some extent the US can't do that because the dollar is the world's reserve currency. What can't be done is to debase the dollar in a belated attempt to pump up foreign economies. This would cause monetary inflation everywhere in spite of foreign economic slowdowns, perhaps leveraged by them. That is the threat, not layoffs or Japanese pseudo deflation. If you want a major bust, inflate first and then you'll discover what real deflation is.