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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.43-4.5%Nov 20 4:00 PM EST

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To: goldsnow who wrote (21876)10/17/1998 5:06:00 PM
From: Terry Rose  Read Replies (2) of 116764
 
goldsnow, "No one knows what the hell they are doing". I love that line and it sums up the futile effort of Greenspan, Rubin, inc.

I have a problem with Rubin blasting people for investing in the emerging markets with poor control of investment dollars in the respective countries. Hind-sight is 20/20 but he really needs to get off his soapbox. Until hedge funds are regulated he is hypocritical at best when judging these developing nations. I seriously doubt that IMF negotiations were as favorable with S. Korea, Indonesia, etc. as Long Term Capital Management was provided.

Off topic. In the Nuremberg trial of Nazi war criminals the only defendant to receive no punishment was the head of the German National Bank.

Terry,
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