How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 491.12

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3:59 PM EST

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To: Lucinos who wrote (27158)	7/22/1999 9:54:00 PM
From: Sabrejet	Read Replies (1) of 74651

OT Chairman Greenspan has done a fine job according to many. One can argue many of the conjectures you make with regard to Japan's demise, specifically last summer. Take a look at the rate increases/decreases throughout the 90's and what you'll see is that quite a few were very questionable and often reversed. Furthermore, he has become, like many who gather momentum, an entity in himself. The fed plays the market like the rest of us. Fortunately for them, they know when policy changes before anyone else. "The manifest cause for the crashing of their banking system was the burst of the bubble of their economy a few years ago" My view is that the banking system itself was screwed from the start. Were not talking interest rates, were talking quality of loans. That, in my opinion, was what led to last summers mess. As far as the "book" goes, as in all economic disasters there are multiple theories. I know Greenspan doesn't dictate bank policy. He quides monetary inflows and outflows with interest rates. How those banks see fit to distribute that money is up to them. Japan, as the record shows, did an awful job of that. Sabre!

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