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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (113212)7/18/2001 9:45:43 PM
From: mishedlo  Read Replies (2) of 436258
 
I just read his BS and seriously I expect another surprise cut. That said, the sinking $ has his ass in hot water so it may not be possible.

THE ALMIGHTY $ is showing sings of cracking as compared to the EURO. Only way Greenspan SHOULD be able to act is if EC cooperates. I have no way of knowing this.
However, do not underestimate the recklessness of Greenspan!
Lowering interest rates again without cooperation from Europe will kill any chance of recovery because it will be hugely inflationary as the $ will drop.
Greenspan is in DEEP SH*T and he knows it.
Testimony shows he is trying to lay the blame elsewhere IMHO.
M
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