Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: $Mogul who wrote (2795)	4/4/2001 7:28:26 PM
From: tradermike_1999	Read Replies (2) of 74559

"Were we to move in a protectionist direction, that would create some very significant problems for the American economy," Greenspan said. A little protectionism won't damage the American economy. In fact it will help it. The founding fathers built up the industrial base of this country through tariffs. The only "significant problem" our economy has is Alan Greenspan himself. His mismanagement created a stock market bubble and the misery that people are suffering through now is a result of it going pop. It is ludicrous to think that we should take him seriously on any economic matters now. Never before has interest rate policy been as volatile as it has under his reign. That is a symptom of his wild swings of fear of the abyss and belief in new eras. He daytrades interest rate policy, looking at market indicators every hour the day and worrying whether he should cut rates again. Look at him on TV. He looks like a complete nut. He looks like a scared crow. It is easy now to make money in the stock market. Whenever he comes on TV you short.

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