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Strategies & Market Trends : Classic TA Workplace

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To: 4rthofjuly007 who wrote (19700)11/6/2001 5:32:02 PM
From: JRI  Read Replies (2) of 209892
 
<Greenspan couldn't have done much to prevent bubble> 4th, most here just won't agree with that view..

A bubble is a function of excess money....Greenspan is the ultimate, omnipotent arbitre of cost of money....unless you are disagreeing with the Austrian school definition (paraphrase: inflation a function of excess/oversupply funds matched against available goods)..you can never really have a bubble w/o Greenie on board...and he certainly has been (on board) since 94 (and many would argue even soon)
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