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To: Scumbria who wrote (128821)3/2/2001 12:07:08 PM
From: GVTucker  Read Replies (2) | Respond to of 186894
 
Scumbria, if you think that the rate of growth in tech and in the Internet particularly over the past few years is sustainable over a long period of time, you're the one that is senile.



To: Scumbria who wrote (128821)3/2/2001 1:35:57 PM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 186894
 
``Had we moved too soon we would have altered the path of adjustment and conceivably created a higher level of economic activity that we are currently seeing, inducing far greater imbalances and a far greater correction of adjustment than we are seeing at the moment,'' Greenspan added.

Allow me to translate, I am fluent in Fedspeak:

Translation:
"We bumped up the rates abit to compensate for the Government pissing away a little extra money at the conclusion of the Clinton administration and if that caused a blow out of a bunch of bullshit dot coms that were never going to make any money, anyway, except for the promoters and they already got most of theirs and it was better to do it now than to wait."