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To: ahhaha who wrote (34652)	5/29/1999 4:04:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 116764

>>What will it avail you to assert markets are managed?<< The levels/prices of currency, gold, bonds, interest rates, and as a result of indirect connections, stocks and real estate are all influenced by the actions of central bankers. It is presumed that they are trying to reduce extreme price movements; essentially managing the volatility of markets. I am suggesting that in their efforts to maintain short term stability they often make the same mistakes in judgement as market participants and create greater excesses and greater volatility. They are not above the system. What I was also suggesting is that a free market analysis that says a certain outcome is highly probable must be tempered by the fact that central bankers may not see that outcome as desirable and work against it. That does not change the eventual outcome. It can delay it though. Wayne

To: ahhaha who wrote (34652)	5/29/1999 5:42:00 PM
From: The Barracuda™	Read Replies (1) \| Respond to of 116764

." Indeed, that is why the FED was invented, as a way to reduce extreme price movement like that which came from the Panic of 1907. No doubt it is management, but without some traffic cops the free market can devolve to piracy and then no one chooses to be involved" Oh no, Not you to ahhaha, not you too.

To: ahhaha who wrote (34652)	5/29/1999 10:22:00 PM
From: tshane	Read Replies (1) \| Respond to of 116764

<<No doubt it is management, but without some traffic cops the free market can devolve to piracy and then no one chooses to be involved. >> What happens when the traffic cops become the pirates?