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Pastimes : ASCII ART GALLERY
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To: Jeff Jordan who wrote (166)8/24/2001 7:58:57 PM
From: Jeff Jordan  Read Replies (1) of 373
 
. Greenspan Talk

While the rapid adjustments are "generally beneficial,"
"human nature remains unaltered. We respond to a heightened pace of change
and its associated uncertainty in the same way we always have.
We withdraw from action, postpone decisions, and generally
hunker down until a renewed, more comprehensible basis for acting emerges.
In its extreme manifestation, many economic decision makers not only become
risk-averse but attempt to disengage from all risk."
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