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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (37467)	1/14/2000 2:26:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 99985

<<I think he's trying very hard for a soft landing. He's trying to slow consumption (and lower the stock market's PE) in a gradual, gentle manner. >> I disagree. For all problems his only solution is to print money or lower rates. Lack of inflation is due to capacity expansion (read: supply side economics run amok) not due to his policies. Soft landing would have occurred in 95 had they not bailed out banks after they shot themselves in the then Mexico Peso crisis. Right now bonds are telling him to take a hike. OPEC is literally demanding a premium for the dollar. Oil prices more than doubled since January 99. In other words, Dollar lost about 50% of its value when compared to a scarce resource which can not easily be minted. Had it not been for gold producers shooting themselves in the foot, this game would have been over for Greenspan at least 10 months ago. The bottom line - I think he is the most incompetent Fed chairman there is.