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To: ChinuSFO who wrote (30181)	8/30/1999 10:59:00 PM
From: Tom Tallant	Respond to of 41369

Roy...I'll go with Robert Rubin...:-). Regards, Tom

To: ChinuSFO who wrote (30181)	8/31/1999 2:34:00 AM
From: LTK007	Read Replies (2) \| Respond to of 41369

If the bull market ends,I can now see all who fed off it will blame it all on the man who presided over the greatest stock market in history. talk about spoiled brats.Max90

To: ChinuSFO who wrote (30181)	8/31/1999 10:42:00 AM
From: Rascal	Read Replies (1) \| Respond to of 41369

Greenspan is in charge of the steam vent. I think he tries to temper the others "actors" in the marketplace. Analysts, hedge funds (the real invisible hand) big banks and institutions use him as the excuse to do what they wanted to do anyway. Events of the past 20 years put him in charge of the world economy not just the U.S. economy. I think that he is worried about the US market growing too fast compared to the rest of the world. (Japan, Latin America, etc.) And about the new companies traumatically wounding the companies that must retool themselves. I was talking to a young person from Belgium (20 something) the other day and he kept saying the EU this and the EU that. He never even mentioned Belgium! It had almost escaped me that the European Union has really happened and it was so smooth! And if you talk about telecommunications or AOL, MSFT, IBM, etc. you are talking about world-wide business models. Sometimes I think we are so proactive, confident and aggresive that we forget about the incredible changes and re-organizations of the world wide social structures that accompany this U.S.-economic-pac-man. Geograpic borders are greatly diminished in importance. Right now a country is either part of the change or part of the problem. And 01/01/2000 is going to be the litmis test for every country and every business. This is all for the good, in general, because it will push everyone to use a common measurement system for measuring success. When one thinks of the major changes Greenspan has had to factor into his models they are breath-taking. I'm just glad Arthur Burns is not in charge! One of my favorite sayings is "You are what you measure." Greenspan and the US Economy is implementing a new world-wide measurement system which is really a revolution without the war. IMHO, we are very fortunate!

To: ChinuSFO who wrote (30181)	8/31/1999 12:38:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 41369

<<GREENSPAN SHOULD GO WHEN HIS TERM IS UP AND JAMES RUBIN SHOULD BE IN.>> I personally think Jeff Vinik is a better short-squeezer and hence he can be a better FOMC chair or even the Treasury secretary. -g- Anyhow, me thinks that being the Fed boss is a step down for an ex-treasury sec.

To: ChinuSFO who wrote (30181)	8/31/1999 1:51:00 PM
From: Bridge Player	Read Replies (2) \| Respond to of 41369

<< Since when did we see a neutral bias lead to a raise in rates? >> Duh... last week? << GREENSPAN SHOULD GO WHEN HIS TERM IS UP AND JAMES RUBIN SHOULD BE IN. All in favor say Aye. >> Nay. There are 3 things that have, arguably, contributed in a major way to the continuation of the bull market: 1. Sharp reduction in the federal deficit (note, not elimination) by congressional action in response to public opinion 2. Continued strong productivity gains that have allowed the growth in earnings to outpace the growth in the economy as a whole 3. Alan Greenspan's steady hand at the tiller of monetary policy. Reasonable people can, and do, argue about #3 and many other factors are also present. I can promise you, however, that at such time as it becomes clear to the markets that AG will not be reappointed, they will tank big-time. BP