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To: carranza2 who wrote (72449)	5/25/2000 5:24:00 PM
From: Zoltan!	Read Replies (1) \| Respond to of 152472

>>This market is really ugly and I'm afraid it will continue for months to come. Greenshit really shot this market in the heart. By the way, I've read where Greenshit owns only few stocks held in a blind trust and has most of his money in Treasuries. Greenspan isn't driving policy: ...Greenspan, no troglodyte banker, is an agile economist with a shifting viewpoint. He has been considered a believer in the "new paradigm," which does not equate economic growth with certain inflation, but most of his colleagues disagree. 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: carranza2 who wrote (72449)	5/25/2000 5:26:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

<Greenshit really shot this market in the heart. By the way, I've read where Greenshit owns only few stocks held in a blind trust and has most of his money in Treasuries. Great, huh? In my opinion, he really over reacted and if he continues, the US is in real danger of a recession or worse.> This is a battle to the death between the old-time state-run money supplies and Eudoracoin, 724 Solutions and It [TM]. Alan is quite rightly defending his money against the predations of the dreaded cyberspace world which is daily marauding across the planet. A little like the Luddites smashed some weaving looms but failed to stop the steam engine and the industrial revolution steam-roller, Alan Green$pan and other defenders of the olde worlde will fail to stop the onslaught. Too many people [everyone else] benefit from the new world to let the guild members stand in the way. He is doing what he should = increase the value of his asset to prevent it being abandoned as long as possible. It's like the GSM world is doing their utmost to delay CDMA with all legal means, as well as a few illegal and immoral [a judge told them off for maligning Q! technology - and read Jacob's Patter, Bill Frezza...oh, the ghost...]. But they'll fail as surely as the sun rises each morning. It is not a simple battle and there are now many ex-Qillionaires who have been cast back into the maw of the 3D Green$pan world where they will have to scrabble for $$$ in cafes, car maintenance and cement mixing. To take the opposition too casually is fatal. Alan Green$pan is not a dozey old fool. He has a lifetime of cunning, brains and the power of the USA behind him. You take that lightly at your peril. But rally around troops. Cyberspace will out! The revolution has just begun and the fun is just beginning. Dehypothecate today! Mqurice PS: Eudoracoin = QUALCOMM encrypted currency backed by their and others productive value. It will move like a ghost in cyberspace through 3G devices everywhere. You will be able to pay any amount, any time, any where, to anyone without touching 3D. 724 Solutions = a real company of which QUALCOMM is a technology partner with the intention of enabling $$ transfers in cyberspace [old-time currency but it will work for the real thing too]. It [TM] = the brain we are in the process of building. The Web will become a sentient, self-determining mind with vast sensory input and processing power. We will be the 3D symbiotic fibre-stringers and silicon, germanium and gallium diggers and antennae installers. It will exist nowhere but everywhere. The only way to destroy it will be to destroy the planet. Make sure there are no vestiges on the moon or Mars or simply free-floating in space - [note to self: check out that microwave background radiation in space as there might be something sneaky hanging out there] Addendum: Like our fathers, we must love them but move on. Alan Green$pan has performed a hugely valuable life's work and I for one admire him greatly. He has helped create the 21st century on which platform we now can inspect the universe. Good for him. He and the USA have attracted my life's savings. That is quite a compliment. I should add here the usual double your money back guarantee. Just in case, this is JMVHO and the usual boiler-plate is hereby attached.