Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Archie Meeties who wrote (24)	5/24/2000 3:44:00 PM
From: Master (Hijacked)	Read Replies (1) of 494

With all due respect, Archimedes, you are being a little too na‹ve. Look around you. The glass is no longer "half-full" it is "half-empty". This change in attitude will inevitably lead you to a recession. When investors lose money they stop spending. "The new car they were planning to buy this year..well, maybe they'll buy it next year. Well, we don't really need a computer right away!. Forget about dining out, we'll just stay home." This type of thinking affects everyone, from the waitress at the restaurant to the assemblyline worker at GM. People will protect their money out of fear and they simply stop spending. I do not envy Mr. Greenspan's job as it is a very difficult fine line to thread. However, I think he has gone a little too far. It is time for him to give us some slack. Vince

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