And So the GREENSPAN DISEASE spreads.
Is there any doubt that this is a spiral stagnating economy caused by the 2nd Greenspan Recession now on US?
We will come out of it, toward year's end and into 2002, but as I see more layoffs like recently at SUNW, I just keep thinking how un-necessary this all was, all due to outdated goofy old man's fears, who still is too obstinate and unaccountable to fix his mistake, who refuses to lead the Federal Reserve towards zero interest rates or at least drop rates 100 basis points (1 percent) during this or the prior interim FOMC meeting. Unfortunately, Jeffords the turncoat, now makes it almost certain that George W will be a one termer unless he takes the unprecedented action of pointing out GREENSPAN is the CAUSE AND EFFECT of all the economic problems and requests Greenspan's resignation pronto. Otherwise I see a democratic congress 2 years hence, a spike in taxes, and hyper-inflation followed by extreme supply shortages of many commodities and high technology goods. Watch to see of the NASDAQ closes above 2000. Its a long wait until June 20th isn't it.
I am,
Truly your$,
-Crystal Ball |
