Mike,
Martin Barnes was interviewed in Barron's -Nov 96 ? He goes into detail about the options accounting scam
I read it when it came out in Barrons. They have had a number of "bears" or fundamentalists or anti-new era columnists in the last several years, not to mention Alan Abelson's weekly column with its snide remarks (with which I agree) about the bubble. But they've all been wrong, or early, so far.
Harry Schultz (HSL, P.O. Box 622, CH-1001 Lausanne, Switzerland) awards Alan Greenspan the best actor award for "beautifully playing dual roles, fueling the liquidity pool with massive money pumping whilst also warning against excesses..." Ever since that contrived inauguration seating arrangement with Mr. Greenspan next to Hilary, I have gathered that the message to be sent was, "Don't worry, markets, Greenspan is on my side and will print money or keep interest rates low for as long as I am in office." But I wonder how Greenspan can do it, considering his principled stands in past statements. Has he made a Faustian bargain with Clinton, and if so, what was it?
Jack |
