Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: oldirtybastard who wrote (2654)	3/29/2001 12:44:02 AM
From: TobagoJack	Read Replies (1) of 74559

The maestro will be correctly categorized by history. Volcker was a central banker. Greenspan is a snake oil salesman pretending to be a magician. Never the less, most on this thread are better off because of his work. Now we must move on to follow the next snake oil salesman, and to be sure to again break off before the party turns bad. <<Chapter Five - How to recognize John Law: He was an obscure man in the shadow of great man, arising out of nowhere to claim the podium of the maestro during a time of great technological change. Sponsored and supported by self-interested financial intermediaries, coddled by kings requiring a constant fix of monetary species, sweet words pour forth from forked tongue, followed by sweeter liquidity gushing from official springs that begot still more liquidity from private wells, mesmerizing the crowds, energizing the markets, leaving a light dream of a heavy bubble in their midst.>> Message 15318267

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