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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (767)2/28/2001 11:55:13 AM
From: Shack  Read Replies (2) of 5144
 
Hi Cush,

I find this really scary

You should find this scary. I don't know why he says things like this. Does nothing for his credibility. My god, has he seen the track record of these fuc*in' analysts.

Could it be that analysts (who represent investment banks in many cases) have a vested interest in making things look less bad than they are?
Duh ... ya think?


Oh yeah..I Think! You hit the nail on the head Cush. And the tightness of Greenspan to the investment banks is kept quiet but there are conflicts of interest to the nth degree there.

Greenspan is indeed a moral hazard but as I've said before, it was the free and easy money of the 1990's which created this bubble and it was doomed to collapse no matter what Greenie did with rates afterwards. The contraction we are seeing has nothing to do with tight monetary policy and everything to do with mal-investment of the cheap money which Greenie made so readily available.

The only question remains, does he prolong the pain like Japan or does he do the right thing and let the economy purge the excesses NOW and save us ten years of bullsh*t.
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