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Technology Stocks : America On-Line (AOL)
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To: jhg_in_kc who wrote (29136)8/11/1999 10:20:00 PM
From: Sonny McWilliams  Read Replies (1) of 41369
 
"He has to or he will appear foolish"

Why does he have to and why would he appear foolish if he does not raise rates?

ALL I heard him say was that he would act forcefully blah, blah IF inflation raised its head.

I would think it more appropriate for those economists and analysts to appear foolish for trying to scare us to death ever since Greenspan spoke. People hear what they like to hear. I guess I am no different. But I listened to all of his speech and I did not hear anything about him advocating raising rates this time. Just that they will be watching the incoming data. Not to say he won't do it after everybody screams it's already in the market. Our fellow industrial countries are holding their collective breath and worry about an interest rate hike over here.

It's just like listening to all those pundits on the tax cuts. All they can find in Greenspan's speech is that a tax cut would not be on his priority list at this time. But he also said if there is more spending he would rather have a tax cut. It just always depends on which words you pick out to further your cause and to convince us that a tax cut would be bad for us. I also listened to all those proposed tax cuts and believe they have to be overhauled a bit. Cap gains taxes should be more in the fore front. I always find it funny that we put our already taxed money on the line so the economy can grow and then we get taxed again just because we invest instead of spend.

Sonny
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