Greenspan, Rubin & Co - the Most Irresponsible Team Ever?? Message Board

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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever??

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To: Mike M2 who wrote (14)	1/14/1999 12:46:00 PM
From: Bonnie Bear	Read Replies (2) of 309

Well...one has to ask some interesting questions... one has to note that the stock market has simply followed the returns on zero coupon bonds since 1982, the highest-risk security a government official is allowed to own...and going back to 1974, the only way somebody in the govt was going to profit is by hiking interest rates up to the sky...oh, say 15%...buying a boatload of bonds...then dropping interest rates down as far as possible near retirement so those bond issues would be worth a fortune. A bubble created and broken will only increase the value of govt bonds and drop the yield even further. Very clever. But..as far as the current situation is concerned...Clinton's popularity is tied to the stock market rise...has he been the one ordering the money-printing operation? Is Congress afraid that Greenspan will tell the truth? Printing money is the easiest way to avoid a deflation, if one is willing to accept the consequences...

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