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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: Bucky Katt who wrote (57753)2/23/1999 10:30:00 AM
From: kendall harmon  Read Replies (1) of 119973
 
Key section of greenspan speech for people to consider:

"after eight years of economic expansion, the economy appears stretchedin a number of dimensions, implying considerable upside and downside risksto the economic outlook. The robust increase of production has been using upour nation's spare labor resources, suggesting that recent strong growth inspending cannot continue without a pickup in inflation unless laborproductivity growth increases significantly further. Equity prices are highenough to raise questions about whether shares are overvalued. The debt ofthe household and business sectors has mounted, as has the external debt ofthe country as a whole, reflecting the deepening current account deficit. Weremain vulnerable to rapidly changing conditions overseas, which, as we sawlast summer, can be transmitted to U.S. markets quickly and traumatically. Iwill be commenting on many of these issues as I review the developments ofthe past year and the prospects going forward. In light of all these risks,monetary policy must be ready to move quickly in either direction should weperceive imbalances and distortions developing that could undermine theeconomic expansion..."
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