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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Gary D who wrote (11132)1/17/2000 8:16:00 PM
From: Gary D  Read Replies (1) of 15132
 
I don't understand why Bob thinks it was such a terrible mistake to reappoint Greenspan before his term was up. I think Bob is right about why Clinton reappointed him now. But why is this such a bad thing? Why would it have been better to keep the Green Man guessing about reappointment? Is the thinking that 1) with that uncertainty of reappointment, he would have been more reluctant to tighten, so as to increase his chances of reappointment, and that 2) a Greenspan tightening less than he believes he should is a "better" Greenspan. I don't buy all this.

There must be a better arguement than this. Anyone? I didn't hear an explanation from Bob.
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