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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (211)	12/15/2000 6:54:45 PM
From: Eashoa' M'sheekha	Read Replies (2) \| Respond to of 494

The Trouble With Trifles. OR: Trying to attain the unattainable. THERE IS NO SUCH THING AS A PERFECT ECONOMY This is the first lesson these FED Govs. should have taken before taking up their positions.Yet , last year , all were told that the " Goldilocks Economy " indeed did exist.What happened to it? Why did it change?Who or what changed it? For every winning move to create perfection , there is a losing counter move from the fall-out.For every winning move for some from a timing perspective , there is a losing counter move for others if the timing is not correct. I am hearing the chorus getting louder calling for an interest rate cut this coming Tuesday.Mr. G., during his last performance , indicated he was ACTUALLY AWARE there is a stock market, something he has publicly denied knowing about for some time now....except for the " Irrational Exuberance " blow-out back in the 90's. Remember the 90's? You know , when stocks actually went up and didn't come back down to half their level the next day?I believe there were " investors " still roaming the earth back then , unlike now , where even MOM and POP have been turned into Day-Traders and speculators , if they are still DUMB enough to exchange paper of one form for paper of another less accepted form for more than a day or two. But sources suggest a full 60% of North Americans have an interest in the stock market , thus the market is indeed an intricate part of these economies. To suggest you can plan economic policy without taking the market into account is a LIE.A DAMN LIE. NOT A STATISTICAL MEASURE TO BE IGNORED. Will Mr. G. recognize the reality of a market that has lost a full half of it value less than one year ago? That there are companies with technologies to enhance our lives who can't get funding to continue their work?That there are a growing number of destitute and homeless people who " invested " their savings in what was supposed to be a " New Paradigm " ,only to find out " New Paradigm " would be translated to a " New Pair Of Dimes " , that they wished they had. The destruction of wealth and prosperity in " The New Economy " is unprecedented in world history.Much larger than any CRASH in America's history. This CRASH makes 1929 look like a cake walk , the difference being the diversification of the economy we enjoy today. But it WAS a CRASH ,and history will show it was deliberately induced by a FED that was preoccupied by guidance derived from the 1929 era itself. This may be Allan Greenspan's legacy. It's up to him now.