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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (36472)	11/20/1998 9:26:00 PM
From: yard_man	Read Replies (3) \| Respond to of 132070

This Fosback stuff is getting a lot of airplay. I have read the book and it covers most of the indicators that don't work for one reason or another. However, a lot of people seem to ascribe something like natural law to this three succesive easings means we are going up by at least 20% from where we are. What do you think about any statistic that has worked 19 out of 20 times? That sounds like it could be reliable but perhaps there is something that was common to those 19 other times which is not common to this time. I don't have the book any more -- it was kind of boring and I gave it back to my Dad. Thinking out loud a little here. More often than not the market is rising -- seems to reason that the easing prior to this time was probably after there had been a bona-fide problem with the economy and it had been recognized -- what do you know generally about the history of the Fed's policies about lowering rates. Have they shifted significantly under Greenspan?