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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (49339)	2/19/2000 12:10:00 PM
From: donald martin	Read Replies (2) \| Respond to of 116791

<<the governments have been successfully killing a lot of the lose cannons? ie yen carry trade,gold carry trade, and now bonds?>> I don't know if i credit the government for undoing those trends or for exacerbating the extremes each of them went to before they started to unwind. <<Greenspan I think is awed by his power(unlike Rubin) and "world Status" and doesn't want to go down in history as the Big Depression Creator>> I don't know. I suspect Greenspan may have an awareness of how powerless he really is. If we have a recession in the coming year, I don't think it will be because the Fed overly restricted money supply growth. He can pontificate all he wants in front of some high powered audiences, but he can't stop people from buying the NASDAQ at 4400+. In my distorted view of the world, deep recessions are caused in no small part by misinvestment (see Malaysia, South Korea, and Indonesia prior to 1998). <<my theory re Summers..anybody who goes to Academia versus big business is a different species and really does want to get it right rather than just getting power and money>> Maybe. Sometimes, though, people go to academia (or never leave it) 'cause they can't get real jobs. I don't know anything about Summers, so don't take my snarky remark as being indicative of my opinion of him. I don't have one at this time.