SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Defrocked who wrote (3126)7/22/1998 12:09:00 PM
From: Joseph G.  Read Replies (2) of 86076
 
<<GREENSPAN: ''Let me just say that the evidence we have to date as yet shows no evidence of stabilization, that the most recent data still show deterioration. The
question of most fundamental importance is how long will that continue and where will it spread and where will the stampede of buffalo stamp all over us before we can
stem this. You point out quite correctly that it was not forecast in any meaningful way by the vast majority of analysts. Indeed I know of no one who really did say at the point when the crisis was emerging that it was about to occur. That tells us something very important about the nature of the process itself ... what we have is a situation
where you can build up imbalances in an economy which may or may not induce significant erosion or major contraction. But periodically these building up of imbalances are like water backing up against a dam. Most of the time they are held, but every once in a while the dam cracks and you get a huge rush.>>

Should I send him an email and introduce self? -g-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News