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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (66227)2/13/2003 8:51:55 AM
From: Mike M2  Read Replies (1) of 209892
 
Ski, Greenspan's actions are indefensible because I believe he knowingly fueled the asset bubble. He was once very critical of the Fed's easy money policy of the 1920s - yet he repeated that mistake on a greater scale. AG also ignored the voices of dissent 1996-97 Jerry Jordon, Larry Lindsay who felt the stock bubble was getting out of hand even back then. The surprise rate cut 20 minutes before options expiration should remove all doubt that AG wanted to fuel the stock market and to hell with the consequences as long as his cronies got rich at the expense of the public. He is a disgusting man. AG in his own words gold-eagle.com scroll past the gold lecture to the part where he writes about the Fed's easy money policies of the 20s. mike
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