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Strategies & Market Trends : The Stock Market Bubble
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To: Skeeter Bug who wrote (2782)7/6/1999 7:45:00 AM
From: Arik T.G.  Read Replies (1) of 3339
 
Skeeter Bug,

>>...he WILL NOT let the bubble pop on his watch.

But AG himself indicated otherwise:
"...Should volatile asset prices cause problems, policy is probably best positioned to address the consequences when the economy is working from a base of stable product prices."
(Alan Greenspan, June 17th testimony).

Keywords are "address the consequences". Nothing about avoiding or delaying a crash, but should one occur (and it most certainly will), the Fed will "address the consequences" after the fact.

ATG
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