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To: IngotWeTrust who wrote (51605)	4/16/2000 9:04:00 PM
From: Alex	Respond to of 116927

Fair use.MAG: GREENSPAN LIKENS DAY-TRADING TO CASINO GAMBLING Federal Reserve Chairman Alan Greenspan likens day-trading to casino gambling, the NEW YORKER is set to report, but he doesn't "anticipate disaster even if there is a crash." Greenspan recently told a fellow-economist, "There's no guarantee that even if you get a 1929, you'll end up with a 1932." NEW YORKER's John Cassidy profiles Greenspan. Cassidy's profile takes in Greenspan's childhood, in Washington Heights, his years as a saxophonist, flautist, and clarinetist in the Henry Jerome jazz band, his relationship with Ayn Rand, and his role in limiting the damage caused by the financial crises in Mexico and Asia. "In practice," Cassidy writes, "if Greenspan is determined to slow down the economy he will almost certainly have to keep raising interest rates until the stock market cracks (not merely shakes)." Hitting racks Monday. ----------------------------------------------------------- drudgereport.com