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Pastimes : Alan Greenspan MUST GO:
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To: Master (Hijacked) who wrote (338)4/4/2001 9:34:54 AM
From: JPN   of 494
 
Greenspan certainly screwed the pooch on this one. He raised rates because of the fear of inflation not actual inflation. His failure to lower rates for political reasons prior to the election and perhaps for personal reasons (if he lowered rates so quickly after raising them last year it would almost be an admission he was wrong) caused much of this problem. I don't know why he thought he could be the only Fed Chairman in history to raise rates and not cause a recession or bull market. It may be that a new Fed Chair would help. But I can't see him being removed or resigning. Nevertheless, it cannot hurt to express your opinion to your senator or congressman or president.

And he continues to screw the pooch by sitting here and watching this car wreck continue ... although it may have bottomed.
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