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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: craig crawford who wrote (1200)3/27/2002 4:46:10 PM
From: Tom Gordon  Read Replies (2) of 1643
 
Hi Craig et al,
surfing through, and read your post.
Greenspan's record is horrible.
He was way behind the curve after the glut of credit he produced for the millenium party, only six months to be exact, now he believes that inflation isn't a problem after an unprecedented 11 moves down to try to kick start the economy. Be aware that he raised 6X which was a record, now 11 times down which is out of this world.
Inflation and commodities explosion will be his next tiger to tame, he'll only be 6 months behind on that one with 300-600 gold to contend with and explaining the huge financial derivatives bind that JPMorgan will be in because of there huge short derivatives on gold and the Argentinian debacle that is growing worse by the day.He'll have to explain the US treasury and the Fed's involvement in manipulating gold down via short derivatives to pillage numerous producers out of business.His debasing the dollar off the gold standard will undoubtedly will be his boondoggled legacy.These derivatives that JPMorgan has will make Enron pale in comparison.
That IMF money that JPM recieved before they left town on a fast horse did nothing to aid in the huge debt that they incurred while they were at the Latin American saloon.
Just look at petro prices rising, that says it all!

Regards Tom.
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