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

To: Investor2 who wrote (7971)	2/9/1999 8:24:00 AM
From: Defrocked	Read Replies (2) \| Respond to of 9980

The American Enterprise Institute is a respectable conservatively-oriented "think tank" in DC. John Makin is a resident scholar. The fact that he is a respected economist should cause you to read and decipher his analysis, even if you do not ascribe to neoclassical economics. Keynesians do not have all the answers either (as evidenced by the fact that most of them are at. the IMF.<g>) Other scholars and contributors at AEI include: aei.org John's argument revolves around the dynamics of inflation, its transmission mechanism and obliquely to the "paradox of thrift". I do not have time to go into this now but may attempt a simple critique later. BTW I do not disagree with his assessment that US equities could decline by 30 to 50% nor with his assertions that the Fed may not react immediately with an additional easing.