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

To: Ilaine who wrote (6030)	7/19/2001 7:59:14 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

I know he can't be fired - but he can resign. I believe that if the market makes a new low again and the economy tanks he will resign due to the criticism. There has been a mystique around him that he is some sort of genius that can keep the markets afloat. Truth is he is a reckless gambler. Once the mystique ends he will come under fierce criticism and will lose his political influence. He'll then resign. He is a man who can tolerate no dissent or criticism. Read the Woodward book. He surrounds himself on the Federal Reserve board with complete yes men. No dissent is allowed. When he speaks in public this comes across to. He uses large words and complicated sentences to look smarter than he really is. I used to grade papers and would read papers in which the kids used a lot of large words to make themselves look smart because they didn't feel confident about what they were writing. Greenspan is the same. That is why he talks the way he talks. And when the times comes when he comes under attack he'll have a nervous breakdown and disappear. Let's see if it happens in the next 12 months.