SI
SI
discoversearch

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 : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marginmike who wrote (119183)8/31/2001 11:59:15 PM
From: Maurice Winn  Read Replies (1) of 436258
 
<The bears here that I know have been sour on Greeny for a long time, they arnt jumping on any wagon's. They are entitled to disagree with you.>

Of course they are MM. I'd point out that I've been a Green$pan fan club member for years, including when he was raising rates and the bulls [I'm still one] were whining like a fleet of 747s.

But mostly, [not you], people have got onto the anti-G bandwagon since everything came unstuck early last year [first with irrational exuberance that dot.coms and telecoms were going to the moon - then with them going through the floor].

I understand the arguments that people disagree with what he's decided to do [in cahoots with the Fed Reserve sidekicks] but to say he's senile, mad, deliberately destroying the economy etc is simply wrong. Poor old Limtex gets really upset with what he thinks Uncle Al is doing.

Many of us [me too] could not believe that Y2K would be a millennium bug problem, so I disagreed with the expansion of credit and positioning for a dramatic increase in liquidity to avoid possible problems [but I might have been wrong]. But I agreed that he should tighten it up when everyone went nuts, bidding zero NPV dot.com stocks to $10 billion prices. I agree [with him] now that he should print it up and cut interest rates.

His job is to maintain a stable money supply. Yes, I know he could just leave a certain number of dollars in circulation and let the markets fight over them. But they do like to print more - a money tree is a lot of fun and a bit of inflation [3%] is simply a way of paying oneself for maintaining the money supply in good nick.

Go Green$pan Go!

Happy hunting mate,

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News