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To: Robert Rose who wrote (121891)	3/27/2001 1:26:54 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

>>but the bubble happened despite his best intentions.<< robert, that is one statement. words are worth how much? what about double digit money growth? what about a surprise rate lowering 15 minutes <b?before options expiration causing the biggest 5 minute rally in history! i watch the money and the actions. sure, when things go bad, he'll say, "i told you so" and point to that quote. that is like oj saying he'd never hurt anybody. talk is cheap. actions speak louder than words and actions reveal a bubble headed, wreckless alan greenspan that... 1. fakes productivity numbers, by a factor of more than 2, using chain weighted dollars. 2. fakes inflation, making it appear lower than it is, by using hedonic pricing - i read there were 30+ changes made to the calculation and guess how many reduced reported inflation? try 100%. 3. pumps the markets full of cash causing irresponsible people to have ammunition to gamble. don't believe me? make this correlation - HUGE bull run going into and just after 2000 - y2k - at the same time alan.com was flooding the market with cash, cash, cash. think about - even william knows who the bull market daddy is - he looks at greenspan to see how much money the guy is printing... give it a couple years and see if you feel the same way about greenspan after the truth comes out... ------------------------------- interesting article from alan with some references to excess credit (his current policy)... >>The excess credit which the Fed pumped into the economy spilled over into the stock market-triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930's.<< >>The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods. When the economy's books are finally balanced, one finds that loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds financed by bank credit expansion.<< gold-eagle.com