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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (4326)	1/3/2004 6:20:16 PM
From: ~digs	Read Replies (1) of 110194

Saturday January 3, 4:44 PM EST SAN DIEGO (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan said on Saturday that policymakers have been proven correct in their decision not to try to prick a 1990s stock-market bubble that subsequently broke on its own. "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 told the annual meeting of the American Economic Association in San Diego, Calif. Greenspan cited the "exceptionally" mild nature of the eight-month 2001 recession despite a series of shocks to the economy that included plunging stock prices, the Sept. 11 attacks, corporate scandals and wars in Afghanistan and Iraq. cont'd @ finance.myway.com

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