To: Square_Dealings who wrote (80760 ) 7/24/2001 11:00:26 AM From: Crystal ball Read Replies (1) | Respond to Greenspan the FAILURE on CNBC right now, he just does not see it, none are as BLIND as he who WON'T SEE. the problem with most CEOs and CFOs is they just don't LOOK AHEAD, its not that they can not SEE AHEAD, of course they can not SEE AHEAD if they do not LOOK AHEAD. The simple fact is we need OPEN CARRY and that means lower Federal Reserve rates than the 2 year treaury so that your local bank that feeds the small businesses can borrow from the FED, and buy US Treasury 2 year notes, know they can pay it back at a profit since the FED FOMC rate is lower, but more importantly use it for their required Fed imposed CASH RESERVE and then loosen capital, real cash, on hand, to loan to businesses to RECREATE the lost LIQUDITY that Greenspan and his fellow vampires sucked out of the market, some $10 Trillion Dollars. We also need OIL between $20 to $25 per barrel, no more no less. The problem is OPEC thinks it should be higher, higher than $26, and the greedy among them of course think above $30, which will destroy OPEC, for the vary reason that OPEC DOES NOT HOLD CASH. OPEC PETRODOLLARS MUST BE INVESTED and if there is a OIL COST holding down the economic recovery then those POINT OF SALE "POS" PETRODOLLARS will just end up being worth less as investments fail, as they have. OPEC can meet surely, in August, but they should just emerge with ONE STRONG MESSAGE: Either Greenspan lowers the Fed rates in August or we OPEC will raise OIL by cutting production. Of course this leads us back to the main premise: WHY DOES GREENSPAN HATE THE SAUDIIS?
