VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: TimeToMakeTheInvs who wrote (32136)	3/1/2001 10:55:37 AM
From: stockman_scott	Read Replies (3) of 65232

IMO, Greenspeak HAS NOT been bashed enough....lol... Does he think he really is 'a good steward' of the economy? He clearly seems to be way too cautious...why wait to pump more liquidity into the economy? It's not like we have runaway inflation or consumer confidence that's overheating <G>....Actually companies are downsizing left and right to try and re-adjust their cost structures for the new economic reality....Here's a sampling... <<The online arm of retailer Wal-Mart (WMT) laid off 24 employees, or 10 percent of its staff, and cut some merchandise from its inventory. Voice and data services company WorldCom (WCOM) laid off about 5,000 workers, or more than 6 percent of its workforce, in a move to cut costs ahead of its restructuring. Kana Communications (KANA) laid off 220 employees, or about 20 percent of its workforce, in order to streamline operations.>> Is Greenspeak proud of this? Was there a better way to throdle our economy back and engineer one of those 'soft landings'...? Inquiring minds want to know....IMO, congress ought to be questioning Greenspan more aggressively. Oh well, just venting...=) Best Regards, Scott

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