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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (3911)	1/22/1999 7:47:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 5676

He outlines the problems well. But he fails to identify the real causes and, worse, he thinks some of the problems can be solved by policy initiatives. Remember, the same "policy" initiatives caused this mess. The best policy the central banker can give us is to let the economic cycles dominate rather than trying to avoid recession and, in the process, embrace depression. Under no circumstances easy money policy dominate and encourage overinvestment and bubbles. Yes, I think the best thing these dopes can do is do nothing and give us a bad recession, perhaps for a couple of years rather than do stupid things and give us depression for 10-20 years.