Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: wdlngduc who wrote (276)	3/16/2001 6:32:10 PM
From: Ted Downs	Read Replies (1) of 494

Another rate cut by Greenspan of fifty basis points will be met with the same ultimate reaction the first two were. A short-covering blip up, then a resumption of the decline. A 50 basis point cut will be met with more selling. Greenie has dug his grave. Nothing less than a 75 basis point cut will slow this bear. He is so far behind the curve he has really screwed everyone big time. He has lost it and his rate hikes last year are now potentially a reason the malaise could spread to a worldwide downturn. What really bothers me is it was so obvious last fall what was happening to the economy and he sat on his hands doing nothing. What an idiot and yes it's a shame were stuck with him.

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