Posted by: Dreamer July 11, 2006
Any Finance Expert???
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Talk about rising inflation. Then need for Fed to arrest inflation by increasing nterest rate. Then argue that the inflationary pressure could be temporary due to price hike in petrol (temporary coz price is expected to ease at the end of holiday season) (Just Imagine) Then argue that hike in interest rate by Fed may be a bad move which will infact supress expanding economy. who cares about right or wrong? Just weave a story. Economics is BS after all, isnt it? AS Winston Churchill said, A good economist is one who will come up with a good explanation tomorrow as to why his predictions of yesterdays failed. BTW, I am assuming Max lives in US and not Namibia or Peru or Nepal or....
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