Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (36180)	7/17/2003 9:29:50 AM
From: Ramsey Su	Read Replies (2) of 74559

Jay, I watched the Greenspan show yesterday, as well as the day before. I think the FT was incorrectly reporting that Greenspan warned anyone. He was just responding to a question and it was clear that his answer was one of those maurice-style random shoot from the hip comments, with not much thought behind it. This is really funny. I need to understand these new concepts better. The US administration is also under pressure from the US business lobby, particularly manufacturing, which says that Asian currency manipulation is costing American jobs. China's trade surplus with the US grew from $28.2bn in 2001 to $43.3bn in 2002. Commenting on the US economy, Mr Greenspan sought to correct a false impression that he had completely ruled out the use of unusual measures such as buying Treasury bonds outright to combat deflation. Bond yields rose sharply on Tuesday after Mr Greenspan said that such measures were most unlikely to be needed. Ramsey OT - hey Jay, I was talking to my cousin recently. It reminded me that she grew up in a house in Repulse Bay, a very short walk to the beach. I wonder if there are any houses left there or could you be sitting on the very spot where she used to live.

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