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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: E.J. Neitz Jr who wrote (50997)	2/11/2004 11:05:04 PM
From: BWAC	Read Replies (1) of 53068

Ed, My whole position on Greenspan is simple. His policies are wildly unbalanced and he allows these unbalances to build up pressure until they become both out of control and damaging to a continually rotating segment of the population. Currently Seniors and retirement plans that relied largely on interest income are being decimated. Incomes cut by a half to two/thirds almost. Next it will be the younger stock mark-it crowd that gets the shaft. A continual rotation of the pain. But this time it is even more unbalanced. Coupled with the two year encouragement to fill up on cheap debt. Its going to hurt worse this time when he shifts the burden to the "new" segment of the population. No acceptable and workable middle ground to hide. Each time he repeats and encourages these boom to bust cycles he separates more of the middle class from their savings. Creating a increasing divide between the haves and have nots.

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