GNET ought to pop towards 60 again now that Greenspan is calming down.
I am,
Truly yours,
-Crystal Ball
P.S. Nice to see Greenspan finally realizes that Asia with its Keiretsu (read that corrupt cronyism monopoly) banking system is not and probably will not, for some great time have the institutional safeguards and security of US and Euro commercial codes, Creditors rights, secondary markets etc., to prevent long term credit crunches as, occurring in their real estate market and stock markets....this talk of a international bank of last resort, an international federal reserve, is just more talk of the failures of the IMF, that and only that, which now ought to be painfully obvious to us all....lets hope he also abandons hiking fed rates to bail out asian exporters importing into the US to prop up asia's failed currency and failed banks and failed economic system. The Dell 25% chip hit ought to be a wake up call for all US high tech companies that we can not allow our high tech industrial future to be held hostage to asia, or asia earthquakes or asian corrupt business customs. If they want our money, they ought to take the strings attached and reform their banking and commercial system, to bring it into line with that of Europe and the US, otherwise we ought to have the political and economic willpower to just say NO! |
