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To: NickSE who wrote (78120)12/6/1999 8:11:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 86076
 
Say Nick- What's your read on the drugs? Looks like a break of the uptrend to me:
iqc.com

Corresponding nicely to this info (last section)- nypostonline.com



To: NickSE who wrote (78120)12/6/1999 9:49:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
Greenspan becomes 2000 litmus test
msnbc.com

...Asked his views on Greenspan, Democratic presidential candidate Bradley told USA Today last week that he "could live with" the Fed chairman if Clinton appoints him to another term.

"The Fed would be in very good hands" if Greenspan stayed on as chairman, Bradley said.

But then he added that "the reality also is that there are a lot of other people in the country who could also do a good job. When you select somebody for Fed chairman, what you want is somebody who has the confidence of the financial markets, and there are more people than one who do that."

[...]

"No one could have possibility done a better job," Gore said last summer. Greenspan's "overall record is one of really an outstanding A-plus-plus performance. And so you can interpret that, I hope," Gore added, hinting that, if he makes it to the White House, he'll ask Greenspan to stay on.

[...]

Some Republicans still seem steamed at Greenspan. Conservative magazine mogul Steve Forbes said in a GOP candidates debate last week that Greenspan and his Fed colleagues were "addicted" to a "bogus economic theory that says that prosperity causes inflation."

"Unlike George Bush," Forbes said, "I'm not sure I'm going to re-appoint Alan Greenspan" unless he renounces his inflation views.

Alluding to recent Fed increases in short-term interest rates, Forbes said Greenspan's misplaced fear of inflation had "already done immense harm to agriculture in America and if he continues in that course of action it's going to do real harm to the economy."


If elected president, Forbes said, "I'd have a heart-to-heart" with Greenspan "to see if he truly buys into that crazy theory that prosperity causes inflation."

[...]

Republican contender Sen. John McCain of Arizona facetiously said last week that he so admired Greenspan that "I would not only re-appoint Mr. Greenspan, but if Mr. Greenspan should happen to die, God forbid, I would do like we did in the movie, ‘Weekend at Bernie's' — I would prop him up and put a pair of dark glasses on him and keep him as long as we could."