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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: broadstbull who wrote (272518)1/3/2004 2:55:30 PM
From: Simba  Read Replies (2) of 436258
 
<"There appears to be enough evidence, at least tentatively, to conclude that our strategy of addressing the bubble's consequences, rather than the bubble itself, has been successful," Greenspan said. "Despite the stock market plunge, terrorist attacks, corporate scandals and wars in Afghanistan and Iraq, we experienced an exceptionally mild recession" in 2001.>

Greenie seems happy he has averted the "kontradieff winter" by his and Bush's clever burst bubble handling. Maybe he thinks he has achived the impossible, the holy grail in finance - live beyond your means with no hangovers.

It is kinda like the neocons patting themselves how smart they have been in liberating the Iraqis and showing them democracy/capitalism.

I think this sets the stage for furthering Bubble-II and War on Terror - Part III as the people at the levers thinks they have god-like powers.

Simba
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