Message:

<p>[QUOTE=&quot;V. Kurt Bellman, post: 2331200, member: 71723&quot;]My only possible disagreement with Feldstein is timing. If he&#039;s calling for another 25 basis points TODAY (it IS one of those days), he&#039;s nuts. The first rise needs more time to cook. But if all he&#039;s saying is 75 more basis points between now and December&#039;s FOMC meeting, then yeah, I agree.</p><p><br /></p><p>I agree with this part so much I could almost have written it myself:</p><p><i><br /></i></p><p><i>&quot;... contrary to what a lot of people say, there hasn’t been a big increase in the money supply, and therefore inflation is unlikely. People have said to me, ‘since we’ve had this explosion of money, why didn’t that create inflation?’ And what I wrote that we haven’t had that explosion of money, what happened was the commercial banks took the opportunity to just leave funds at the Federal Reserve.&quot;</i>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in