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<blockquote data-quote="wkmac" data-source="post: 281006" data-attributes="member: 2189"><p>I think you did! Post #12 of this thread you stated the following:</p><p> </p><p></p><p> </p><p>If he, meaning Bernanke and the Federal Reserve is the sole authority to raise and lower interest rates and that alone deflates or inflates the dollar, then yes IMO that is what you said. Now if that wasn't the point or I misunderstand I stand corrected! My Bad. </p><p> </p><p> </p><p></p><p> </p><p>Any economist you say? OK, I'll throw out Jim Glassman, senior economist with J.P. Morgan Chase who said the following regarding lowering interest rates,</p><p> </p><p></p><p> </p><p>source: <a href="http://money.cnn.com/2007/12/07/news/economy/fed_preview/" target="_blank">http://money.cnn.com/2007/12/07/news/economy/fed_preview/</a></p><p> </p><p>Now granted, I've seen a lot of economist say exactly what you are saying and on principle you are correct about the rates but economics like global warming is not as pure a science as we'd like to think it is so opinions differ. I saw this morning where the economy grew by over 4% in the 3Q (best in 4 years) so this gives more fuel to your point of at least not lowering interest rates but I think to say "any economist" is going a bit far. Does make you wonder if even Glassman is rethinking his position this morning.</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p><p> </p><p>Many economist or I'd even give you "any thinking economist" (although a bit over the top) would be more applicable that saying any economist because there are some right now bucking the traditional trend and what some saw as past practice!</p></blockquote><p></p>
[QUOTE="wkmac, post: 281006, member: 2189"] I think you did! Post #12 of this thread you stated the following: If he, meaning Bernanke and the Federal Reserve is the sole authority to raise and lower interest rates and that alone deflates or inflates the dollar, then yes IMO that is what you said. Now if that wasn't the point or I misunderstand I stand corrected! My Bad. Any economist you say? OK, I'll throw out Jim Glassman, senior economist with J.P. Morgan Chase who said the following regarding lowering interest rates, source: [URL]http://money.cnn.com/2007/12/07/news/economy/fed_preview/[/URL] Now granted, I've seen a lot of economist say exactly what you are saying and on principle you are correct about the rates but economics like global warming is not as pure a science as we'd like to think it is so opinions differ. I saw this morning where the economy grew by over 4% in the 3Q (best in 4 years) so this gives more fuel to your point of at least not lowering interest rates but I think to say "any economist" is going a bit far. Does make you wonder if even Glassman is rethinking his position this morning. :happy-very: Many economist or I'd even give you "any thinking economist" (although a bit over the top) would be more applicable that saying any economist because there are some right now bucking the traditional trend and what some saw as past practice! [/QUOTE]
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