Re: Re: Let them eat fed

To: pen-l@xxxxxxxxxxxxxxxxxxx
Subject: Re: Re: Let them eat fed
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Wed, 3 Jan 2001 17:05:00 -0500

Jim Devine wrote:

2. Why is the fed "always right"?
(a) because it has the best information


One of the Feds - either the Board or one of the regional banks,
can't remember which - recently did a study comparing the Fed's own
economic forecasts with those of private forecasters. The Fed's
record was *lots* better.

Doug

References:
- Re: Let them eat fed
  - From: Jim Devine

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Thread context:
- Sweeney on Chavez, michael perelman Thu 04 Jan 2001, 02:47 GMT
- Shuffling after true crumbs ?, Charles Brown Wed 03 Jan 2001, 21:53 GMT
- Let them eat fed, Tom Walker Wed 03 Jan 2001, 21:26 GMT
  - Re: Let them eat fed, Jim Devine Wed 03 Jan 2001, 22:03 GMT
    - Re: Re: Let them eat fed, Doug Henwood Wed 03 Jan 2001, 22:16 GMT
- VALUE, PRICE, AND PROFIT (Abridged) -- free Web access, Paul Zarembka Wed 03 Jan 2001, 15:24 GMT
- "The doctor gazed at me and a wild look came into his eyes.", Tom Walker Wed 03 Jan 2001, 07:12 GMT
  - Re: "The doctor gazed at me and a wild look came into his eyes.", Jim Devine Wed 03 Jan 2001, 16:39 GMT
  - <Possible follow-up(s)>
  - Re: "The doctor gazed at me and a wild look came into his eyes.", Tom Walker Wed 03 Jan 2001, 21:02 GMT

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