SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gao seng who wrote (264605)6/17/2002 1:05:51 PM
From: Karen Lawrence  Read Replies (1) of 769670
 
The reason the stock market is depressed is people lost money when that irrepressibly arrogant POS Alan Greenspan decided to put an end to irrational exuberance with his unabating interest rate increases. Long past the time when it was obvious to anyone with a brain that he had burst that bubble, he continued to increase the interest rates. After the market had headed south long enough and there was no recovery, he implemented his cuts. They didn't help and by 9/11 it was all over for the stock market.

People have lost their jobs. Though numbers say unemployment is heading back down, how is that possible when more and more companies are laying folks off. In fact, though unemployment was extended people have run the course of that extension. Having lost money and faith in the market, why would anyone put his money back in? Wait a minute, what money? Corporations need money for expansion. Where are they going to get it now that the goose that laid the golden egg...we taxpayers have been trounced into fiscal oblivion. We're in a word in a recession.

It is after all, the economy, stupid. The economy sucks and when and if it ever recovers, who's going back into the stock market? Are you? Do you feel heartened by the gains today, or are you afraid of being duped again?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News