conventional wisdom

Doug Henwood dhenwood at panix.com
Wed Feb 23 07:38:38 PST 2000


Tom Lehman wrote:


>Conventional wisdom has it that politicians will do anything to pump up
>the economy in a presidential election year. This line of reasoning
>says, that there will not be any big problem with stocks this year. The
>politicians won't let it happen.

But an unelected guy who just got reappointed for a long, and possibly his last, term has a lot more to say about it than "politicians." I believe this fellow is talking to the House Banking Committee later today; we'll see what he has to say.

Doug



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