SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (41058)2/23/2000 1:25:00 PM
From: HairBall  Read Replies (2) of 99985
 
heinz blasnik: One senator caught Greenspeak in his obvious contradiction. Greenspan said the market is not overvalued but that because of the increase in equity values there is a wealth effect. This wealth effect is increasing consumption.

So the solution to this wealth effect over consumption is to lower the price of equities. One of the senators said why effect that by slowing the economy by raising interest rates, why not do something specific to equities. Greenspan spewed out some gibberish to answer that one.

The answer to the wealth effect problem is an old era solution. Cycle the wealth created by innovation and increased productivity by criminal manipulation of the markets into the greedy pockets of Wall Street and then by the government sanctioned Criminal Central Banking Organization that will raise interest rates thus channeling the individual investors wealth into the vaults of the Criminal Reserve.

Regards,
LG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext