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To: All Mtn Ski who wrote (20048)9/30/1999 1:30:00 PM
From: patrick tang  Read Replies (2) | Respond to of 25814
 
Greespan may think he's cool, but if he does not come out to stabalize this thing, we'll have another '87 crash with >2000 pts down on the dow. I don't even think he needs to raise interest rate to do that. Just keeping this thing in suspense is good enough to send it reeling.

If that happens, look for the rest of the whole world to go with it and confidence completely erodes.

The demos had better start turning the verbal screws on this guy, not too many days left before Oct. 5th.

To put things into perspective, historically as in last 100 years, interest rate had never been more than 1 to 2 % above inflation. This jack ass has gotten it racketed up to almost 5% now. The only people that benefit from this are the bankers who makes up the feds. For the average joe, no 'wage inflation' = no wage hike = companies take all the goodies. So much for twickle down...

patrick