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To: KeepItSimple who wrote (79060)	12/9/1999 11:23:00 PM
From: BGR	Read Replies (1) \| Respond to of 86076

KIS, The operating word is discernible. A market crash, thanks to the media publicity, will likely turn into a financial panic. That will have a clear effect - negative - on the economy. What negative effects has the upside speculation imparted so far? To date you only have presented the sad plights of Jaguar buyers. <sniff sniff> Of course it is within the Fed's charter to step in and prevent any sort of financial panic. The Fed is actually an autonomous government organization, whose members - private individuals but not necessarily bankers - are appointed by the President and approved by the Legislature. Civics classes were a drag in high school, no? The most severe crash of recent years - the Japanese recession - resulted in double digit but still less than 15% unemployment. Europe has handled such levels of unemployment w/o soup kitchen in every corner. Dream on if you think that 1929 is soon to resurface. -BGR.