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To: Dealer who wrote (17371)	5/3/2000 8:56:00 AM
From: Jill	Read Replies (1) \| Respond to of 35685

Funny Greenie spoof: Greenspan's Rational Exuberance If you've ever heard a speech by Federal Reserve Chairman Alan Greenspan -- arguably the most powerful financial figure on the planet -- then you are aware that one characteristic that escapes his manner of speaking is clarity. He is, in fact, purposely inscrutable so that financial markets won't be spooked by any careless remark he might make. This begs the question: Is he that confusing in real life? Apparently so -- at least according to his wife, NBC News Correspondent Andrea Mitchell. Ms. Mitchell recently told radio personality Don Imus that Mr. Greenspan was characteristically incoherent even when proposing marriage. According to Mitchell, Greenspan had to ask for her hand three times before the exact nature of his proposal was finally made clear to her. This got us wondering what that proposal of marriage from Alan Greenspan must have been like. So, we sent ace Fool investigator Jerry Thomas (a k a TMF Cheeze) to poke around and see if he could shed any light on the matter. Surprisingly, Cheeze did in fact find a written copy of one of these apparent "proposals" in Andrea Mitchell's garbage. We have reproduced this letter below, as a service to you, our readers. From the Desk of? Alan Greenspan Andrea, As emphasized in the important dalliances you and I have enjoyed for the past several quarters, an impressive proliferation of new affections is inducing major shifts in the underlying structure of our relationship. These fundamental changes appear to be far from complete. The intimacy of our communication -- including the interaction among the members of our respective families, our social circles, and the various institutional players in our economy -- is in the midst of a significant transformation, though the pace of change is unclear. As a consequence, many of the empirical regularities depicting the complex of interpersonal relationships on which I rely have been markedly altered. The 1990s have witnessed one of the great emergences of transpersonal infatuation in my history. Whether that means a transitory and unsustainable "puppy love" has developed is difficult to assess. A large number of analysts have judged the level of my affections to be excessive, even taking into account the rise in "fair value" resulting from the acceleration of productivity and the associated long-term corporate earnings outlook. And yet, apart from all the attention it has received, my passion, in situ, defies analysis. Despite the recent turmoil in our respective domestic situations, the long-term outlook for the continued growth of our affections remains strong. But even in the face of such hopeful expectations, one is justified in wondering how long such irrational exuberance can be expected to continue. Importantly, the evidence has become increasingly persuasive that relatively stable extremes of passion -- neither persistently rising nor falling -- are more predictable and hence result in a lower risk premium for involvement. Because a couple's level of commitment, to a large extent, determines their prosperity over time, stability in the general level of ardor is clearly a necessary condition for maximum sustainable growth. However, stability of devotion does not guarantee either the maintenance of matrimonial stability or maximum sustainable growth. Despite these concerns, and in the final analysis, the more preponderous weight of evidence considered in these deliberations falls on the side of a matrimonial rapprochement. I am prepared to act on these conclusions where warranted, with your consent, in a way that is consistent with my role as chairman of the Federal Reserve. Best Regards, Alan Greenspan Chairman, U.S. Federal Reserve cc: Robert Rubin, Treasury Secretary

To: Dealer who wrote (17371)	5/3/2000 9:43:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 35685

early warning of currency de-stabilization the Euro is now at alltime low under US$0.89 raising rates in USA has resulted in raising rates in Europe they have to match the effort, or see their currency slide worse but European economy cannot handle such hikes now pockets of recession are hitting European continent the US$ has risen lately versus the Japanese Yen also JYen is worth around 1.08 US$ we are in an unstable situation RIGHT NOW the global currency triangle is now tilted US$ -- Euro -- JYen the USdollar is winning too much foreign currency is likely to head to the US shores now it will seek out stocks, bonds, anything to escape their slide this is how blowoff tops in our stock market happen !!! / Jim Willie