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To: Lee who wrote (137347)7/22/1999 2:07:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 176387
 
Greenspan-productivity growth dampens inflation

Lee:
I don't know, for the life of me,what the hell the pundits are seeing in Greenspan's speech to spook the market,do you? Oh I forgot,easy money.<g>
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WASHINGTON, July 22 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday that productivity gains enjoyed by the U.S. economy had helped to keep inflationary pressures under control.

''It is the acceleration in productivity which has had such an extraordinary effect on our economy,'' Greenspan said in testimony to the House of Representatives Banking Committee.

biz.yahoo.com

(Note: this article is ''in progress''; there will likely be an update soon.)




To: Lee who wrote (137347)7/22/1999 5:59:00 PM
From: Frank Ellis Morris  Read Replies (6) | Respond to of 176387
 
We seem to have a persistent threat to our wealth. The chairman of the Federal Reserve is totally out of control and completely out to manipulate the financial markets to steal away the wealth of investors. Time and time again we get nothing but malicious venom out of the mouth of Greenspan. Take a look at your portfolio today. Are you not completely disgusted with the antics over and over again. We need to get rid of the thief who insists on robbing us. We need to elect political leadership who have a little integrity and not after our pocketbooks. The criminal activity of the Fed has to stop once in for all. At the next election we need to do some serious house cleaning. I had enough of the lies, deception and bashing from Greenspan and all those who may be behind the conspiracy to take away our hard earned investments.

The Fed chief also said the central bank would act ''promptly and forcefully'' if it saw evidence of rising inflation.

The only prompt and forceful action that we need is for Greenspan to resign.

Frank