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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (36350)10/4/2001 11:54:51 PM
From: Merlo  Read Replies (2) of 37746
 
"Greenspan had little to do with it." Many people would differ with you. For one he could have started raising rates while under the Clinton Administration. Instead he chose to wait until the bubble expanded to much then raised rates to much to fast. Later when cutting back rates he chose to go the 1/4 point route. Now after the fact he's cutting by 1/2's. In 1929 people said it wasn't the Feds fault but history proved otherwise. They started the chain reaction which lead to the great depression and later WWII. Those were desperate times with millions unemployed. Yes, you can blame the greedy investors but they were lead to the slaughter by all the analysts hype, including many other factors some of which you mentioned.
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