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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (1023)2/13/2001 3:02:28 PM
From: ahhahaRead Replies (2) of 24758
 
From AG Q&A:

GREENSPAN: Senator, I think that one of the very few things that American and, indeed, European and most Asian economists agree on is that open markets and free trade enhance the standard of living of all participants.

But not in money. They have to draw the line somewhere so why not draw it at the worst point?

and

GREENSPAN: Oh, I agree with that, Senator. I have no doubt that, at a minimum, that the economic growth which we experienced from the early 1970s through the early 1990s is not something that we're about to replicate in any sense that I can envisage over the next 10 years.

Yet the FED is recreating the very same mess and AG can't see it. Each mess takes a slightly different form, but not enough different to be evident to those who know that economy works mostly classically.
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