To: Boplicity who wrote (11708 ) 3/20/2001 12:52:47 PM From: Jim Willie CB Respond to of 13572 I agree with you, Greggy, the bull will return there exists a flip side to the failed policy of GreenScrotum he tightens too hard when he tightens at all (but really never needs to tighten, ever) this leads to bears and their frequent clawed swipes at our lives he also is forced to loosen after he destroys the economic underpinnings (and our investments, savings, future pensions) usually he loosens too much, but grudgingly, like now he will cut FedFunds rates another 100-125 bpts from here he will get the FFrate down below 5.0% before he is done rectifying his stupidity as a result, in about two years, we will be in the middle of another raging bull and GreenSmoot will see fit to save us from ourselves once again he loosened too much in autumn1998, remember? that time marked the climax of his failed policy in 1997 most dont remember, but he raised rates in spring1997 and a few months later, the Asian Meltdown began we got a nice rally for the next 18-20 months after autumn1998 so he tightens too much, he loosens too much each time we forget the previous full cycle each time we deny the past, and utter stupid phrases like "soft landing" is everyone enjoying the Soft Landing? there is neither a soft landing in the picture... nor a prolonged bear market... as long as the Federal Reserve exists their policy reminds me of a drunk driver all over the road, too far left, too far right each time convincing the pedestrians that GreenCar is in control but each time, killing those pedestrians along the path and strangest of all, earning and requiring the reverent respect of the public... driving with impunity year after year, unaccountable to authorities does anyone really wonder why he speaks in a foreign language before Congress? it is to maintain TOTAL UNACCOUNTABILITY / jim