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Pastimes : Alan Greenspan MUST GO:
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To: wdlngduc who wrote (307)3/22/2001 2:38:49 AM
From: Master (Hijacked)  Read Replies (1) of 494
 
I beg to disagree. Ridding ourselves of Greenie will have a positive impact on the economy and the markets. Do not underestimate the importance of the psychology of the investor. Greenspan's actions has destroyed the savings of millions of individuals. But there are still many more millions of other individuals who have money idling in bank accounts which they can invest in the markets. But, the only reason these individuals don't invest is because they have NO CONFIDENCE in the markets and Greenspan. Greenspan is seen as evil, the one who destroyed the economy (regardless of his success in the past). The whispers overheard in the tight corridors on Wall Street is that anyone else can do a better job as Chairman of the Fed right now. Therefore, a new Chairman might be the positive sign these idle investors are looking for and thereby encourage them to return to the markets.
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