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Strategies & Market Trends : Point and Figure Charting

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To: james ball who wrote (13995)	2/14/1999 4:44:00 PM
From: PaddyD	Read Replies (1) of 34811

Greenspan... I have read a lot of opinions and, as just another Joe, only know what I read about economics. One thing became very clear as I watched Mr. Greenspan address the world body of economists. This was just when the Brazilian economy was collapsing, he had kept the interest rates up and the dollar strong. Liquidity in the third world was failing and many were blaming the relatively high US interest rates. Just then the world's central bankers were meeting in New York. I think he sounded like Prof. Irwin Corey because he didn't know what in the hell to do. He seemed like a man at his wits end. Now he has dropped interest rates, is he going to have to raise them again to stop inflation? It looks like that is starting to happen. What is that going to do to third world liquidity? We may have a problem here out of Mr. Greenspan's control. Are there any WORLD INDICATORS that might point the way?

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