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To: IceShark who wrote (4839)7/20/2000 6:05:09 PM
From: pater tenebrarum  Respond to of 436258
 
lol...note the paragraph about the treasury buyback at the bottom.

it's pedal to the metal again...

how Greenjeans can so studiously overlook the imbalances in the credit system and the economy at large remains a mystery.

everywhere there are signs of the economy dangerously overheating...goverment spending is also extra lavish this year.

to see the Fed chairman of all people in this happily complacent mood is not exactly re-assuring....



To: IceShark who wrote (4839)7/20/2000 6:15:23 PM
From: Ken98  Read Replies (2) | Respond to of 436258
 
I especially liked this quote from that article:

<<``Greenspan caught the whole Wall Street short, thinking that he wouldn't throw any fuel on this stock market rally, and everyone was wrong,'' said Jim DiBenedetto, bond trader at Nomura Securities International.>>

Silly traders, thinking that the blabbering old fool would actually do something responsible. He is in full bubble maintenance mode - he just wants to be loved. Heck, he will be long dead and gone when the bills have to be paid.