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To: pater tenebrarum who wrote (26633)4/16/2000 10:30:00 PM
From: Mike M2  Read Replies (1) | Respond to of 42523
 
Heinz, do you happen to know what Chris Carolan has to say? . mike



To: pater tenebrarum who wrote (26633)4/16/2000 10:40:00 PM
From: Activatecard  Read Replies (2) | Respond to of 42523
 
HB: The stage may be set
From DRUDGE:

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)."