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Non-Tech : The Critical Investing Workshop

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To: Dealer who wrote (8591)	3/22/2000 11:06:00 AM
From: Jim Willie CB	Read Replies (3) of 35685

Greenspan taking new tack, good news in my little mind instead of talking tough about stock market valuations, he is talking instead about imprudent lending practices by some member banks this is exactly where real action should be taken: abusers of credit and lending interest rates are a blunt instrument to wield against an economy they target big & small, prudent & imprudent lenders Greenspan has recently shown humility in admitting his lack of complete understanding for some of the dynamics for the huge growth in our economy... he falls short of using the words "technological revolution" though some of the clipped comments I heard: - "extraordinary economic development and innovation" - "solid growth and low inflation" - "remarkable acceleration in productivity creating record expansion" I do wonder how much the Federal Reserve has intimidated Brokerage Houses to raise margin maintenance reqmts on selected stock issues glad to finally see a bounce in biotechs NazComp correction coming to an end / JW

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