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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (73847)1/17/2000 10:18:00 AM
From: Nadine Carroll  Respond to of 132070
 
MythMan, nice link.


Meantime, Greenspan, who probably rereads the chronicles of the Federal Reserve in the 1920s at least once a month, must make a big decision. Will he be a profile in courage, raising rates significantly to let some air out of the speculative bubble, risking one of the 30%-40% market declines that have traditionally been expected once a decade or so? Or will he follow his own recent precedents (and those of previous Fed chairmen) and keep the easy-money spigots open, with only a few grumbles and one faint-hearted quarter-point tightening, for the sake of election-year affluence and complacency?


Based on watching his actions for the last five years, I know which way I'm betting -ng-



To: MythMan who wrote (73847)1/17/2000 1:06:00 PM
From: Mike M2  Read Replies (2) | Respond to of 132070
 
MM, I always knew that you were a closet gloom & doomer. I caught a glimpse of the badda bing last night ho ho ho. what was really funny is the Soppranos were operating a bucket shop and two goons beat the crap out of a broker who didn't push the stock of the week. The legit firms are less violent they offer incentives and fire those who don't play the game. mike


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