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To: pater tenebrarum who wrote (98422)4/27/2001 5:42:06 PM
From: At_The_Ask  Read Replies (2) | Respond to of 436258
 
He did not mention the near-term outlook for the U.S. economy, except
to note that the current slowdown in growth probably would cause a
weak spell for productivity gains.

<But he said the long-term trend of fast productivity growth should remain
intact>, which bodes well for the government's balance sheet.

This should read "Greenspan stated that he intended to print as much currency as would be needed to insure fast productivity growth"



To: pater tenebrarum who wrote (98422)4/27/2001 6:01:49 PM
From: LTK007  Read Replies (1) | Respond to of 436258
 
<< there's a giant pyramid of leverage upon leverage that needs to be kept going.>> hmmm
<<giant pyramid of leverage upon leverage>> would this not be an excellent verbal equivalency for " a house of cards"?:) max