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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (1436)	12/15/2000 8:59:12 AM
From: Tommaso	Respond to of 74559

You are right that Greenspan's Fed facilitated the credit expansion. It may be his strange fate to be excoriated and forced to retire in disgrace simply for maintaining what in past times would have been considered a quite expansionist monetary policy. M2 has stayed about even at 5-6% annual growth for the past year, but mere steadiness has the effect of stringent pullback once you let credit go as it did the previous 3-4 years.

To: Shack who wrote (1436)	12/15/2000 10:57:05 AM
From: Rolla Coasta	Respond to of 74559

It is also understandable that his policy has set up lots of traps unintentionally to the banks. Greed and speculation are the basic things for investors to take advantage of to make money. They drive the market and also kill it. Greenspan has to know to control such things in the first place. By the way, I heard somewhere that Bush Sr blamed Al on his failed '92 re-election because he didn't cut interest rate during Bush presidency. I don't know the intention of Al back then. But if he did this on political purpose. He is one heck of a dictator IMO. Let's see if he cuts rates during W era. Q