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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (891)	1/29/2001 3:27:59 PM
From: the truth	Read Replies (1) of 24758

Excellent summation of Greenspan and his losing battle with controlling the money supply. Greenspan has opened the door for consumers with few assets and no cash to walk into a bank and get 50,000 dollar credit limits. Does this make sense? The fact that many people hedge their stock portfolios against loans for houses, cars, vacations, you name it, creates a scary picture for the impending credit crunch. I do not think we have felt the full effects of the soaring energy prices on all industry. Energy prices are here to stay and don't hold your breath on the fuel cells. 70 percent of North America's energy still comes from fossil fuel, and a good percentage from ultra polluting coal. North Americans will have to take a break from the "party." We have all enjoyed a substantial increase in living standards because of the availability of credit. The rest of world starves and we worry about the if we can afford the next SUV to come out on the market. This generation, the thirty-something group, has never felt the effects of a major recession. Nor have they been faced with decisions that their parents had to make. Greenspan, no more manipulation, we all need a good dose of reality. truth

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