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To: ild who wrote (111641)7/8/2001 2:01:46 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
Finally, if the economy's troubles turn out to be more deeply rooted, it could take a lot longer than the three years remaining in Greenspan's term as Fed chairman to work them out. The delay could cost him the legacy he wants.
"There's something almost Shakespearean about it," said David M. Jones, chairman and chief economist of Aubrey G. Lanston & Co. "A great king has a long and prosperous reign but at the end risks being undone by forces beyond his control."

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Forces out of his control??!!
Give me a break.
Who was lowering interest rates for Y2K nonsense fears.
Who was slow to raise rates.
Who raised them too fast.
Who is now lowering them too fast.

Greenspan has been one step out of touch for at least 4 years, always fighting the wrong problem. Like I have been saying for months: Greenspan should be replaced with a computer program.
M