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To: Victor Lazlo who wrote (75625)	8/28/1999 1:49:00 AM
From: Jerry Miller	Read Replies (2) \| Respond to of 164684

Vic, here's the text from Alan Greenspan's speech on Friday: beta.siliconinvestor.com i found this line particularly unsettling... "our analytic tools are going to have to increasingly focus on changes in asset values and resulting balance sheet variations if we are to understand these important economic forces." so now stock prices and accounting practices become the focus ? sounds like a threat to me. here's another one... "Central bankers, in particular, are going to have to be able to ascertain how changes in the balance sheets of economic actors influence real economic activity and, hence, affect appropriate macroeconomic policies. a veiled reference to an October rate hike ? i don't mind this guy having his say, but i really get tired of the good cop/bad cop routine. we can only hope that Al Gore has a gold pocket watch he's ready to part with.<g>