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To: long-gone who wrote (56141)7/12/2000 10:56:19 PM
From: goldsnow  Read Replies (1) | Respond to of 116817
 
In his speech, Greenspan said it will be impossible to predict "the precise nature of the next international financial crisis." But, he said, "That there will be one is as certain as the persistence of human financial indiscretion."

He said crises are never the same because "market participants do not, as readily as supposed, repeat their mistakes of the past.

abcnews.go.com



To: long-gone who wrote (56141)7/12/2000 11:04:07 PM
From: goldsnow  Respond to of 116817
 
"It isn't the sum you get, it's how much you can buy with it that's the important thing; and it's that that tells whether your wages are high in fact or only high in name."

A Connecticut Yankee at King Arthur's Court, 1889
Mark Twain


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