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To: Ken98 who wrote (62043)9/15/1999 2:19:00 PM
From: pater tenebrarum  Respond to of 86076
 
Gramlich is notorious for his market propping comments. if he were honest he would have called the number meaningless instead of good.

Ken, if the shift away from U.S. financial assets continues, no amount of prop-up talk will save the market...and the Fed surely knows that. AG has delivered quite a few 'bubble speeches' this year to extricate himself from the responsibility...it is not a question IF, but when this house of cards will come crashing down.


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