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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ild who wrote (133800)11/9/2001 9:33:04 PM
From: patron_anejo_por_favor  Read Replies (5) of 436258
 
<<IMHO It's a tough question. We know what Greenspan should not have done years ago to prevent the bubble, but what should he have done this year to fix the mess? My guess would be "cut and prey, "cut and prey ...">>

It's all he can do. Since politicians won't stand around and allow him and the FOMC to "do nothing", he'll again play the "I have a hammer...every problem is a nail" game. He'll cut till we get to zero, as I predicted in January. I predict he'll reach zero on the discount by April, 2002 (Another 50 bp's by the end of the year, 50 in January, 50 in March). Then the bears won't have to deal with his nonsense anymore. At least it took the Japs more than 2 years to get to that point...another sign that ours (bubble) is bigger, and will end worse.
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