Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

I never said he was too lax. On the contrary I have said I think more than once he and his geriatric colleauges should be as cautious with the recovery as they are about inflation. They should have made sure there were 250k new jobs per month before they even dreamed of putting up intrest rates by one cintilla.

They have simply got to learn to control their urge to put up interest rates at the least opportunity.

They should cut interest rates now down to zero if necessary until we see that the recovery is firmly in place. Very firmly with good and growing job growth and the growth companies reporting well at earnings and mid qtr updates.

The econommy is ont the same as it wass in the 1930s. we have built in deflation of half the World having just joined the free market system. That has never happened before in history and it will alst for half a century or more.

Our economy needs to be constantly stimulated to create jobs in that environment.