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Pastimes : Alan Greenspan MUST GO:
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To: Master (Hijacked) who wrote (200)8/30/2000 12:05:35 PM
From: wdlngduc  Read Replies (1) of 494
 
Consider this: Greenspan is immune to the politicians at this point in his career. He thinks he can do whatever he wants. Actually, a rate hike prior to the election would be a strong political move to help Bush; remember, Alan is a Republican, too! He could handle the 'heat' by claiming the economy is still too strong, and therefore, inflationary.

But it is staggering to realize that almost two full basis point increase in interest rates has had absolutely no effect on the new single family housing market. The question for Alan must be: "What's it going to take to cool this economy down?" He only has one weapon, and that weapon is shooting blanks!
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