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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Oblomov who wrote (8040)8/31/2001 1:39:23 PM
From: the_wheel  Read Replies (1) of 74559
 
Is this like "Greenspeak"?

See: biz.yahoo.com

``There can be little doubt that sizable swings in the market values of business and household assets have created important challenges for policy-makers,'' Greenspan said in a speech

Translation : "We're screwed"

``To answer these questions, we need far more information than we currently possess about the nature and the sources of capital gains and the interaction of these gains with credit markets and consumer behavior,'' he said.

means "I dont know what to do"

and this

<<``In such circumstances, differences in the propensities to consume out of the capital gains and losses on different types of assets could have significant implications for aggregate demand,'' he said.

He said the Fed is in the process of studying the matter to try and develop more detailed information.

In general, for every $1 increase in consumers' wealth, consumer spending is raised by three to five cents, he said. But when a home is sold, with the resulting cash from the capital gains, consumers tend to spend more -- 10 cents to 15 cents of that dollar.>>

must mean "For every dollar of bubble stock gains J6P got 3-5c, for every dollar of bubble house gains expect to get 10-15c, ie sell your house now before it pops too!" or am I reading him wrong here

What complex concepts do these specialized words represent that the ignorant wheel is unable to fathom?
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