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Pastimes : Alan Greenspan MUST GO:
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To: Archie Meeties who wrote (24)5/24/2000 5:26:00 PM
From: Scumbria  Read Replies (1) of 494
 
Archimedes,

u really think this economy is so fragile that 50bp can "shut it down"?

During the last few months of Fed manipulation, the supply of venture capital money in Silicon Valley has almost dried up. The prospect of riches is what has driven the phenomenal growth of technology in recent years.

If investors believe that the Fed will not allow them to make money, the consequences will be disastrous.

Scumbria
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