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Pastimes : Alan Greenspan MUST GO:
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To: BWAC who wrote (450)1/13/2002 6:50:14 PM
From: wdlngduc   of 494
 
If only that could be done! The longer he stays around the more nervous I become. I bet this demented old man believes another .25 pt rate cut will be the one that yanks this economy out of the doldrums. He fails to acknowledge that what ails this economy, and the world's, is overcapacity. The cure for overcapacity is a combination of consolidations or bankruptcies or just plain time. The excesses of the '90s needs more than a two year bear market to heal itself. Flooding the system with liquidity will only fuel a worse decline, possible inflation and a serious bear market several years down the road. I pray that he just leaves the economy alone; he's done enough damage already.
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