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


To: tradermike_1999 who wrote (6019)7/18/2001 11:44:00 PM
From: westpacific  Read Replies (2) | Respond to of 74559
 
Very high, he is playing with fire - this is all one massive money experiment.

If, and they will, the consumer stops spending - 2/3rds GDP, you cannot even fathom the outcome.

The next big thing is if the dollar does crack could that help support equities due to making exports cheaper again. Not sure that will help however.

The comment made to Treasury Secretary O'Neill from the France T.S. made me smile. He said instead of worrying so much about Europe they should focus on doing something about the out of control debt in America.

This in my opinion sums up the big problem to come, how can you have continued capital spending in the consumer and business cycle when they are outright tapped out. You cannot.

Going to be an interesting six months.

As for Greenie, he will go down in history for his mismanagement of this whole mess. All they did was make the clowns on Wall Street very rich off the back of the average middle class working American. So sick indeed. As I read once, worst than Hitler or the coming Satan.

West



To: tradermike_1999 who wrote (6019)7/19/2001 7:13:02 AM
From: Ilaine  Read Replies (1) | Respond to of 74559
 
Greenspan can't be fired, if that's what you're asking. The Chairman of the Board of Governors of the Federal Reserve is appointed for a term - can't remember if it's five years or more, but at least five (probably seven - he was first appointed in 1987) and he was just reappointed last year.