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mlsoft

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mlsoft

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Re: federal reserves post# 111691

Wednesday, 05/28/2003 12:09:18 AM

Wednesday, May 28, 2003 12:09:18 AM

Post# of 704047
federal reserves...

Greenspan is hardly insane. I have said a number of times here that the Greenspan Gambit is the only possible solution that could prevent serious recession and potential deflation. It is a very rational move for him, indeed the only move that could negate his mismanagement of the Fed to date - if only for a while. Of course that is the problem, even if it works, it will only set up new distortions in the economy that are worse than before.

mlsoft
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