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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (2807)	4/5/2001 10:36:57 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

Nor do I think Greenspan should be blamed for the current fallout. Interesting that you feel that way... normally it's the bulls who have been losing money for months whom use Greenspan as the scapegoat. Let's not forget that it's a board of governors who vote on the policy. Not just one guy calling all the shots. Who do you blame? Or what do you think is the cause of this month - a better way to put it. You are right though. Greenspan is just one man and it is likely that we would still be in this mess. The Federal Reserve is an institution which has a history of mucking up the economy from time to time. Combine that with a free trade policy that has shrunk the manufacturing base of the United States and the harmful influence of the IMF/World Bank on the third world and the world economy and you have a disaster that has been building for years. Problem is Greenspan went along with this and acted like nothing was wrong. And both political parties supported it. It is the 1920s over again where world leaders make stupid choices because the choices they make are popular with the big money boys.