TSXV:AUN.H - Post by User
Comment by
TheRock17on Sep 09, 2007 2:07pm
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Post# 13363040
RE: IR Rep Barnes Means $2 +
RE: IR Rep Barnes Means $2 +How rediculous to compare 10 and 20 years ago.
The world has changed and the economic impetus has shifted away from the dominance of the US economy to a much more robust, and diversified economy in which variations in US growth rate, although still important, is not nearly so critical as it was in 1987 and 1997.
In addition, the FED trigger finger is so well calibrated now..with all of the reams of real time economic perfs.... that it can act in a fast pre-emptive manner than 10 years ago.
Besides that, the interest rate environment is so much more benign now compared to 10 and 20 years ago.
Greenspan never got it right then, and he is not right now..