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To: Felix Appolonia who wrote (91089)10/27/1999 11:46:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Felix - Re: ". Do you think Greenspan considers how much value is lost and how much impact he has on market when he speaks ?"

Yes - and I believe he privately enjoys sending it DOWn or UP !

However, let me give Greenspan his due. In nearly every speech of his that I have listened to for the past 3+ years he has gone to GREAT LENGTHS to attribute America's great economic growth and LOW INFLATION in recent years to our superb technological strengths including microprocessors, automation, etc., resulting in tremendous worker productivity.

At times I actually expected Greenspan to mention Intel by name !

Thus, his sword cuts both ways.

Paul