Re: Bond King Bill Gross Fires Back - Einschüchterungstaktik ist wohlRohrkrepier

verfasst von Popeye, 17.03.2004, 06:04

-->Guten Morgen cg -
in die gleiche Kerbe schlägt - schon seit Monaten - Andrew Smithers:

By denying that they should have sought to restrain the bubble, the Federal Reserve’s Governors risk repeating their mistakes. Although the stock market is well below its peak level, that level was so extreme that Wall Street appears once again as over-valued as it has been in all other stock market booms, such as those of 1929 and 1968.

The element of denial in the Federal Reserve’s attitude is underlined by the way in which the defence of allowing a bubble is changing. Previously the claim was that central banks should ignore changes in asset prices. However, part of the complaisance today is self-congratulation about the interventions to stabilise the stock market after its falls in 1987, 1998 and 2001. The asymmetry of the US central banks’ policy is now affirmed. It seems that liquidity should be eased to prevent sharp falls, but it should not be tightened to avoid rapid rises.

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gesamter Thread:

• Bond King Bill Gross Fires Back - Einschüchterungstaktik ist wohlRohrkrepierer - CRASH_GURU, 17.03.2004, 05:53
  • Re: Bond King Bill Gross Fires Back - Einschüchterungstaktik ist wohlRohrkrepier - Popeye, 17.03.2004, 06:04
    • Re: Bond King Bill Gross Fires Back - Einschüchterungstaktik ist wohlRohrkrepier - CRASH_GURU, 17.03.2004, 08:04