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To: Techplayer who wrote (36529)	5/25/2000 7:04:00 AM
From: Monty Lenard	Read Replies (1) \| Respond to of 77400

will he use it this time I think he already has a pretty good start. G Are you talking about "I invented the internet GORE"? I think it would be funny as hell if we weren't the ones that had to ultimately pay the price. No economist (not that most of them have a clue either) but I am not sure the recent market decline would have any bearing on the economy now or later. If he said tomorrow that he was not going to increase rates anymore, I would suspcet the clowns would have the already inflated prices back up to their all time highs buy the end of the week. BWDIK

To: Techplayer who wrote (36529)	5/25/2000 9:53:00 AM
From: Zoltan!	Read Replies (2) \| Respond to of 77400

>>popping the balloon with Gore standing on top of it would not be all that rewarding either.... Funny, but Greenspan has been arguing for moderation, he wanted a 1/4 point. It's been the Clinton-AlGore the Junior appointees that demanded the 1/2 point move: ... The Fed's anti-inflation hawks are driving policy. Laurence Meyer, a former St. Louis economic forecaster and economics professor who was named a Fed governor by President Clinton four years ago, has been resolute in targeting economic growth. Meyer had the votes Tuesday, and it is doubtful that Greenspan could have overcome him. But he didn't try. Not since an intransigent Paul Volcker was voted down by his colleagues on March 6, 1986 (in a decision to cut interest rates) has a Fed chairman been rejected and humiliated. That vote ended the Volcker era, and he left as chairman the next year. Greenspan, just reappointed for a third term by Clinton, will not take that path. But what's next? Super-hawks do not want to stop with a federal funds rate (on lending between banks) set Tuesday at 6.5 percent. They contend that this interest rate should be at the same level as the nominal (that is, not adjusted for inflation) rate of economic growth, now 8 percent. To follow such a painful course would mean climbing another 150 basis points in the immediate future. Nobody thinks that is possible, but Meyer and his colleagues seem determined to raise interest rates so long as the economy is growing. In fact, despite the growth rate, there are ominous economic indicators. Retail sales and auto sales are both down. The loss by NASDAQ of one-quarter of its wealth certainly takes significant consumption money out of the economy. Those were real numbers faced by Greenspan Tuesday. The conflicting set of numbers: the votes that were lined up against him by inflation hawks on the FOMC. The political choice was obvious. suntimes.com

To: Techplayer who wrote (36529)	5/27/2000 8:33:00 AM
From: James F. Hopkins	Read Replies (2) \| Respond to of 77400

Tech ; re >> popping the balloon with Gore standing on top of it would not be all that rewarding either.... That's not the problem..Gore is just a turd caught in an eddy. Bush is a shoe in for next president and if the balloon gets popped he is the one who will be in the hot seat. Every one will be screaming well the Republicans did it again..we have a Republican House & Senate and soon will have a Republican President; history shows when that happens the market goes all to hell. Maybe the Democrats arrange it that way but that's not what people will say, if all the air comes out of the balloon I will have to switch back to being a democrat by the year 2002. The average person will be saying what the heck if Kliton was a chicken s*it no good two faced underhanded scum bag at least I had a job and a house. Jim