Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brom who wrote (54625)	1/5/2001 1:25:42 PM
From: pater tenebrarum	Read Replies (2) of 436258

thanks for the nice compliment...i actually always thought that Greenspan KNOWS very well what is happening. he may have a contingency plan ready to swing into action once the fiat bubble has imploded. he privately told Larry Parks once that he had to defer to his many fellow FOMC board members that were disagreeing with his early misgivings about the bubble (remember, as recently as '94, the FOMC minutes reveal they tried to STOP the bubble from forming, an effort that was later replaced with benign neglect). when confronted with "but you know where all of this will end" he walked away, not saying anything. his conversion to new era thinking is a very recent development, and coincided with the speculative blow-off in the NAZ. that is the nature of manias, even the most sober people who should know better get caught up in the euphoria. and yes, he should have read the thread. he wouldn't have liked all the criticism leveled at him, but his sense of history may well have told him that the tiny minority doubting the new era/productivity mirage was probably correct.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next