The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: Baldur Fjvlnisson who wrote (381)	1/14/2002 5:20:37 PM
From: Karen Lawrence	Read Replies (2) of 5185

Did you happen to see Robert Reich commenting on the stock market back in November 2000. He said if Greenspan did not cut interest rates in December 2000, it would seal the bear fate of the stock market. No rate cut, voila' market tanks and with the world economy failing, Greespan started his cuts - in March 2001? I think, too late for a positive impact. Rate cuts seem only to benefit the richest (banks). In spite of Greenspan's rate cuts, mortgage rates are currently heading back up. Someone suggested that the recession-is-not-over comments are Greenspan-speak for he'll be lowering the interest rate yet again. Talking to a woman yesterday who said her son, stationed at an AFB in Japan, told her the dollar is declining against the yen.

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