A blog on all things to do with economics and related subjects.
Finance professor Jeremy Siegel, of the Wharton School at the University of Pennsylvania, is interviewed about Bear Stearns, the Fed rate cuts, and inflation risks.
Great to see Seigel the flesh after seeing his name so frequently in the literature. Pity about the tie but at least it was not the affected Harvard knot! However, really strange to see an academic interviewed on what is really a market phenomenon. He doesn't have a clue about the day to day dynamic of the market. Indeed, to ask him where , now, investors should put their is a joke - that he tried to answer the question is an even bigger joke and he did so without any deference!! The one issue he raised was longer term inflation and this is 'rightly' his province not that of the trader. I agree that the rescue today is God help us tomorrow. Just don't know where the Fed can go now and that's a look out for all the world. Maybe getting Iraq finished would help but how likely does that look?Yours in angstJeremy
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