Alan Greenspan MUST GO: Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Alan Greenspan MUST GO:

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Master (Hijacked) who wrote (397)	7/10/2001 1:24:17 PM
From: BWAC	Read Replies (1) of 494

Was todays current state of layoffs, profit warnings, investment losses, retirement losses, etc. what Greenspan had in mind when he attacked the economy? Where is that darn inflation ghost? Right around the corner. As more and more businesses fail, due to the fear and panic Greenspan set off, more and more competition will die off. Competition goes into hiding, Inflation comes out of the closet. Low interest rates kept competition brisk. Brisk competition allowed most everyone a chance to prosper and spend and money to flow. High interest rates killed formative competition resulting in lost jobs, decreased spending, loss of money flow. Entrenched competitors no longer motivated to enhance productivity and lower costs. How long will it take interest rate decreases to reverse the trend? Isn't happening yet. Capital markets are still shut off to formative businesses of scale. I think they might just have tinkered too much with an economy they didn't fully understand.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next