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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (16966)4/21/1998 3:49:00 AM
From: paulmcg0  Read Replies (1) of 94695
 
I don't know when Greenspan will find the time to raise interest rates <grin> (see the article from the AP newswire below)...

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Greenspan Says Medicare Needs Caps

WASHINGTON (AP) - A new Medicare commission will have to decide what health coverage the nation can afford - and what it can't - for baby boomers in retirement, Federal Reserve Chairman Alan Greenspan says. ''Reality is invariably going to create a situation in which, granted the type of system we have, the demand for medical services is almost surely going to exceed the basic available supply,'' Greenspan told lawmakers and private-sector experts gathered Monday for the second meeting of the National Bipartisan Commission on the Future of Medicare.

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Now all we need is for Alan G. to run for the Presidency...

Paul M. (a cynic)
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