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Politics : Foreign Affairs Discussion Group

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To: GST who wrote (159476)	3/23/2005 3:27:35 PM
From: Keith Feral	Read Replies (2) of 281500

Greenspan is doing his usual job overshooting interest rates. He went too far up in 2000 and he went too low in 2004.Why not just leave things in the middle at 3 to 3.5%? Is it too much to ask for stability? Imagine if we didn't have to shit ourselves every time we turned on the TV because the FED was keeping rates stable? Pricing has been deflationary for years in almost every way I can think except for a few commodities like oil. The deflationary pressure in our economy stems from the excess pool of labor. We have too many people chasing too few jobs. Why make life miserable for people by making the limited disposable income that is available finance higher mortgages? Isn't anyone else upset by the constant rollercoaster of decisions made by Greenspan? I would love to see Greenspan do something more productive like manipulate the margin requirements. He could take direct aim at the speculators and leave the rest of the people alone. This business of flipping mortages every 3 years to accomodate Greenspan is a waste of everyone's time and energy.

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