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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: ahhaha who wrote (60679)8/9/2002 7:04:24 PM
From: shoe  Read Replies (2) of 77397
 
No one has a crystal ball to predict to economy, including Alan Greenspan. Like Chairman Volker, he has been one of the best Federal Reserve chairmen because as the stock market collapsed from late 2000 through 2001, he lowered the discount rate eleven times--an unprecedented amount--thereby saving us from a 1930 's style depression for which I am eternally grateful. (Read Since Yesterday by Lewis Allen.)
Alan Greenspan has a limited ability to control the markets and the economy, and he did all the he could do. Those who say he caused the bubble to pop are a bit naive. That bubble would have popped no matter what he or anyone else did.

Regards.
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