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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49044)	3/14/2001 8:55:44 AM
From: stockman_scott	Read Replies (1) \| Respond to of 57584

<<So the "Wealth Effect" Greenspan spoke of, has turned upside down. Do you think he will talk about the "Poverty Effect"?>> Rande: I TOTALLY agree...great post...Greenspeak is clearly way behind the curve...he seems out of touch and is very tough to understand. Yet, the global markets are nervous and losing support quickly. This should concern the FED and I'm sure it will concern the US markets today. IMO, there is at least a 50% chance the FED will step in and try to calm the markets --> look for a surprise rate cut in the next 48 hours....JMHO....=) Best Regards, Scott

To: Rande Is who wrote (49044)	3/14/2001 12:16:13 PM
From: shadowman	Respond to of 57584

Greesnspan's concern for the "poverty effect". LOL I know history has a way of being revised to protect the guilty...I remember Greenspan arguing for years (as the fed chairman) that if the unemployment rate were to fall to 5% or below, the effect on the economy would be bad...tight labor market, wage pressure=inflation..... WRONG! I really don't think Al has a clue. I do think that he's a believer in the trickle down theory...protect the interests of the wealthy and the benefits will trickle down to the unwashed masses. He's just another mere mortal who is wrong as much as he's right, not the infallible economic guru that some have made him out to be. Nice post Rande.

To: Rande Is who wrote (49044)	3/14/2001 1:40:57 PM
From: Dave	Read Replies (1) \| Respond to of 57584

For those who realize that the banking families that own the Federal Reserve System, a private corporation, pull the strings on the U.S. Economy... I'm not sure what you're talking about here. I am a firm believer that any conspiracy that would be beneficial to the hidden powers will be formed by those powers. But surely the Federal Reserve Board is a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States. The seven members of the Board of Governors, appointed by the President and confirmed by the Senate, serve fourteen-year terms. For more information, see federalreserve.gov Dave

To: Rande Is who wrote (49044)	3/14/2001 1:47:54 PM
From: RockRidger	Respond to of 57584

". . . .it is not natural for wealth to trickle down the classes. The way it is supposed to work is that the rich get richer off those who don't know any better. Any variation on that must be "corrected". " Dead on accurate. The only trickle down that has ever occurred is loose change being found in the pockets of the rich at the laundry service. You would need to be blind to believe otherwise. -J

To: Rande Is who wrote (49044)	3/14/2001 1:53:18 PM
From: freeus	Read Replies (1) \| Respond to of 57584

Great post Rande, and dead on. I am one of those with several million last year, reduced to a few hundred thousand now (mostly in cash as of today). If I ever get "wealthy" again in the market I'll know that stocks can go to zero, that our leaders do NOT want us rich, and that cash is the only "safe" holding once you have made money. This has been quite an experience. As I wrote on another thread, we need a T shirt that says "I lived through the crash of 2001". That is if you expect to live through it. I will! Freeus

To: Rande Is who wrote (49044)	3/14/2001 5:26:23 PM
From: velociraptor_	Read Replies (3) \| Respond to of 57584

Rande, I think you pretty much nailed the reason why I think the "tons of cash on the sidelines waiting to be put to work" retoric over the last few months is nothing but hogwash. That cash is GONE.

To: Rande Is who wrote (49044)	3/15/2001 11:39:57 AM
From: Paul Nicholas	Read Replies (1) \| Respond to of 57584

What a bunch of BS, people who pissed away millions of bucks in the downturn have no one to blame but themselves, period.

To: Rande Is who wrote (49044)	3/15/2001 12:25:20 PM
From: KevinThompson	Respond to of 57584

Rande, The most detrimental effect having the FED control monetary policy is the fact that it gives congress (our federal government) license to create unlimited debt. We then cease to become a republic, and hence become subjects rather than citizens from which our government derives its power. One reason is because the FED becomes a nice scapegoat for congress to blame for monetary policy, while allowing themselves to borrow without bound, unopposed. We gladly accept payment of private debt with the colored tickets that the government issues that it calls money, but in reality, it is fiat money and it is given value that it really doesn't have. How is this scam pulled on us? It starts by the federal government stating that it will accept this fiat money as payment of taxes. Thereby, we the gullable attribute value to an inherently valueless medium of exchange. What a scam! Best Regards, KT

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