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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (24)5/24/2000 3:44:00 PM
From: Master (Hijacked)  Read Replies (1) | Respond to of 494
 
With all due respect, Archimedes, you are being a little too na‹ve. Look around you. The glass is no longer "half-full" it is "half-empty".

This change in attitude will inevitably lead you to a recession.

When investors lose money they stop spending. "The new car they were planning to buy this year..well, maybe they'll buy it next year. Well, we don't really need a computer right away!. Forget about dining out, we'll just stay home."

This type of thinking affects everyone, from the waitress at the restaurant to the assemblyline worker at GM. People will protect their money out of fear and they simply stop spending.

I do not envy Mr. Greenspan's job as it is a very difficult fine line to thread. However, I think he has gone a little too far. It is time for him to give us some slack.

Vince



To: Archie Meeties who wrote (24)5/24/2000 5:26:00 PM
From: Scumbria  Read Replies (1) | Respond to of 494
 
Archimedes,

u really think this economy is so fragile that 50bp can "shut it down"?

During the last few months of Fed manipulation, the supply of venture capital money in Silicon Valley has almost dried up. The prospect of riches is what has driven the phenomenal growth of technology in recent years.

If investors believe that the Fed will not allow them to make money, the consequences will be disastrous.

Scumbria


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