Brinker's inveighing against the the chief central banker
and the current traitorous pair occupying the executive
mansion notwithstanding, what do people here think about
Brinker's advice to raise margin requirements from 50% to
80% to stem "irrational exuberance"? On the surface, it
seems like a more targeted way to keep the pot from boiling
over, as opposed to raising interest rates and ratcheting
down the entire economy?
Ps. Did you hear that garrulous caller, Randy, from San Francisco
on Saturday's show suggesting a conspiracy by the "elites", acting
through Greenspan, to take all the marbles from "the average Joe
investor", so called? I have always had my doubts about the
collective sanity of ultra-liberal San Franciscans, but babbling
Randy put these doubts to rest when he advanced a second absurd
proposition that R. Reagan "lucked out with the ending of the
Cold War during his presidency". Randy must have been too busy
driveling during Reagan's terms, or he would have learned that
Reagan defeated the Soviet adversary by advancing an unbeatable
military build-up. The Russians, always the chess players,
understood well that they had been checkmated and, thence,
conceded the game.
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