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To: Jill who wrote (858)1/17/2000 7:38:00 PM
From: ZOOB  Read Replies (1) | Respond to of 35685
 
Hi Jill: Would you have a link to G's speech??



To: Jill who wrote (858)1/17/2000 8:12:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
I agree on Greenspan and his intentions to cooperate
except I always take a different perspective
"he had really metabolized the revolution that is occurring"

his secret to our economy's success is to allow the shortend credit market to dictate monetary policy

he has yet to contradict or fail to follow the TBill market
he aint metabolizing nothing
he is allowing the free market to metabolize
big difference, and some regard it to be semantic
I dont, since I witnessed Volker and Burns and their arrogant overrides which led to disasters

back to present: shortend TBills are raising rates
expect the Fed to raise in concert

wait until the Fed governors retire, turnover, and are replaced
huge debates will take place on inflation hawk stances
gonna get wicked weird
/ Jim