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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: sylvester80 who wrote (94267)7/14/2002 2:39:58 PM
From: Lone Ranger  Read Replies (1) of 99280
 
syl80,
There is documented Fed minutes that Greenspan new we were in a bubble, I believe, as early as 1996. We've talked about it here before, but I don't have the link of his speech. He even talked about raising margin requirements but declined because of his fear of not knowing all the ramifications of such a move. He knew that would have popped it. This is fact. But like many of us, even though we identify a problem, we procrastinate, and don't act on the realization that it is important to correct it. I bet this is a huge regret on his part. He is the one with the responsibility to create orderly monetary policy and in this instance he blew it.
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