This week’s contrarian article (on 10/4/2005) by Bill Fleckenstein posted on http://moneycentral.msn.com titled ‘Greenspan: The worst Fed chief ever’ brought to mind the recent book brought out by the economic sage from Dallas Dr. Ravi Batra (http://www.ravibatra.com/). His book titled ‘ Greenspan’s Fraud’ deals in great detail on the same subject i.e. the mistakes made by Alan Greenspan. Both of these address the problems brought about by actions of the Fed. Likewise. I am sure that there are many others who could defend the actions of the Fed in an equally effective way. What I would like to see, however, is a list of 5-10 things the Fed can do to turn things around – this, to me, is the best approach and I urge all readers to ask all their favourite money analysts and, talk show hosts (such as Bob Brinker on Moneytalk etc.) for their laundry list of action items for the Fed. These if compiled and published online would be useful for the FED and give them added perspectives. Meanwhile, if some such resource has already been compiled I would appreciate your directing me to the same.
posted by sekhar @ 7:01 AM
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