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Post# of 704041
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JMKel

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JMKel

Re: federal reserves post# 75352

Wednesday, 02/12/2003 12:44:55 PM

Wednesday, February 12, 2003 12:44:55 PM

Post# of 704041
I think Zeev pointed to the reason why the Greenspan policy has not resulted in a better performance. Namely, the high price of oil is acting as a tax on the economies around the world and neutralizing the effects of the rate cut. So to that extent it is not Greenie's fault.
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