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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (28428)	9/1/1999 2:13:00 AM
From: Crystal ball	Read Replies (1) \| Respond to of 50167

Your idea is worth a grain of sand. Its like you are saying if a person stockpiles dynamite, then they are just as much as fault as the ass that come in with a match and blows up the whole block. We always look to what "sets off" the market. The fact that we are here and the market is here is by your analogy part of why markets crash, my view is that if you see a deer blinded by the headlights, you have a choice, to hit it or not, you I guess believe that Henry Ford already killed that deer prior to impact. I beleive that the only threat of a real depression and recession from monetary policy induced inflation comes from Greenspan. His recent statement on his "miffed" that stocks, particularly interenets and tech are doing so well, means they are overvalued....means that since they are used for pension plans and in part wages of employees and tech professionals and CEO salaries, that this is in itself "proof" of his wage inflation fear, ol' Greedspammer ought to go fret with all the other fretful grandmas out there and relive their childhoods and the depression in their own minds and not recreate it in our reality, our time, which is concerned with advancing to higher wealth effects, higher consumption, hiogher production, all made possible by the HIGHER stock prices of the Tech and Internets Stocks that Greenspan seeks to destroy with his monetary interest rate price jacking up at the Fed. It won't work, even he can no stop us now. I am, Truly yours, -Crystal ball P.S. the "Fed" as we know it, did not exist until after Bretton Woods, the old Fed was just a windbag of a central bank, like those banking houses that also fell due to lack of regulatory reforms, much like our recent Savings and Loans and the taxpayer bailout that followed. Just remember the real central bank today is not the Federal Reserve, its the NASDAQ/AMEX/NYSE and thats the currency of tomorrow too, I predict it. I am