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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (38498)	12/19/2000 10:30:47 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I think AG was backed into a corner and had no choice but to keep rates low for a while. Most of the liquidity pumping was from Bond repos and that was the fault of Rubin and Summers under the direction of Billy Boy trying to keep the market up so no one would care about his mis-adventures. AG's rate policy was more based on economic crisis' around the world the last few years where he had to choose between keeping us at slow steady growth and letting the rest of the world crumble around us or easing credit enough to get us to import to excess so the world could export their way out of trouble. He chose the latter but the extra injections of funds let the bubble get out of hand and people started really believing napkins could fly. Of course this is just my opinion. I think AG is a wise man that is getting a work out from a variety of ill timed situations. BWDIK Good Luck, Lee