Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote ()	6/28/2000 9:38:00 PM
From: wdlngduc	of 494

Six rate hikes in one year; today Greenspan blinked, but only for another couple months when he'll probably raise rates again. After all, this nascent inflation he is fighting is mostly of his own making. Isn't any hike in interest rates of itself adding to the inflation he seeks to contain? Add in OPEC and the manufactured runup in oil prices and you have a double de facto tax hike on both business and citizens. The country can cope with one, but not both. Six bumps and the economy is just now beginning to buckle from the strain; or is it from exhorbitant energy prices? In either case, this country is faced with a very definite slowing economy; ergo, a possibly weaker stock market. Does Greenspan need a permanent vacation (retirement)? My hand's up!

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