SI
SI
discoversearch

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.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (32056)2/27/2001 9:06:39 PM
From: djia101362  Read Replies (1) of 65232
 
No one can deny that Greenspan's rate hikes were indirectly targeted at deflating overinflated stock prices. It this were not true, he never would have made so many references to equity prices and the equity markets in all of the airtime he received the past few years.

Now that the equity markets are getting flushed down the toilet, he doesn't want to step in and try to stabilize them.

This is a two-way street, if he's going to cause the train wreck, he damn well better be willing to fix the tracks.

I personally know of many people that have lost well over 6 digit fortunes in the last year. This is all money that could have been used to keep this economy going but now it's gone and lost forever in stock market heaven, or hell, depends how you want to look at it.

People don't recover from this kind of financial beating overnight, let alone in a lifetime. Greenspan is like a mad doctor that injects you w/ poison, and all the while he stands right beside you with antidote but refuses to give it you.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News