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To: Andreas who wrote (87925)	12/14/2000 6:27:54 PM
From: Elwood P. Dowd	Respond to of 97611

>>>AG should lower rates on tuesday< I believe that there is an outside chance that he may just do that very thing. Would be viewed by John Doe as a positive event effected by the election outcome and soon to be new administration thereby putting AG in a good light with GWB, would be a nice Christmas perk, and Greenspan would take on the mantle of hero, not to mention that it would help keep the U.S. from falling into an abyss of recession. All of that for a measly 1/4 point would be a bargain! El

To: Andreas who wrote (87925)	12/14/2000 7:17:28 PM
From: Windseye	Read Replies (1) \| Respond to of 97611

I agree... I never believed that Greenspan did NOT look at the markets; even his comment about "irrational exuberance" was his description/judgment about it. I suspect that he either really failed to understand the internet bubble phenomenon and hence has over reacted or, more sinisterly, he bought puts in some "blind" account (or his buddies did). If he really had looked carefully at the bubble economy and had a reasonable understanding of it then he would have acted more cautiously... unfortunately he has overestimated the underlying value of the dot coms. Doug

To: Andreas who wrote (87925)	12/14/2000 10:52:13 PM
From: MeDroogies	Respond to of 97611

While I agree with Kudlow's analysis about raising interest rates, I disagree about AG's role. The Fed HAS to be concerned with the market. Inflation doesn't just exhibit itself in consumer prices, but also in asset prices. Fisher made that eminently clear in his tracts on monetary management and pricing. AG understands the psychological damage that can be done with a REAL crash, and did a good job of lowering the market while keeping the economy reasonably balanced. It is highly likely he will lower rates soon to keep the overall economy in good health.