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

To: John Ficquette who wrote (46088)	4/13/2000 8:57:00 PM
From: SBerglowe	Respond to of 99985

More on Greenspan: Le Metropole Members, The International Perspective by Marshall Auerback of David W. Tice & Associates has been served at The Toulouse-Lautrec Table and is entitled, "Will the Real Alan Greenspan Please Stand Up?" "Viewing Alan Greenspan from an international perspective is no easier than assessing the man within an American context. We pour over his every utterance, but like our counterparts on the other side of the Atlantic, we can make little sense of the man. Is the current cheerleader of the new economy the same person who once publicly fretted about the stock market?s ?irrational exuberance?? Is today?s champion of high tech derivatives the same stern central banker who warned about of their potential to create systemic dislocations just six years ago? How does one reconcile the Fed Chairman?s recent proclaimed scepticism of the efficacy of monetary authorities seeking to influence asset price outcomes to achieve policy goals with his public affirmation that the interest rate increases implemented in 1994 were specifically designed to ?prick the bubble in equity markets?? Given the veneration in which Alan Greenspan appears to be held in the United States, it may appear sacrilegious to highlight these inconsistencies, yet we note very little public discussion of this in America. It is primarily overseas commentators who have gone so far as to attribute to the Fed chairman an active role in encouraging the euphoric expectations currently embodied in the US stock market mania." One to read in the day of the plunging stock market! <A HREF="http://www.LeMetropoleCafe.com/scripts/products.cfm">Le Metropole Cafe</A> All the best, Bill Murphy Le Patron www.LeMetropoleCafe.com