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

To: tigerman77 who wrote (7292)	8/19/2001 11:48:55 PM
From: tradermike_1999	Respond to of 74559

i agree greenspan is in a bit of a fix...he can choose to save the markets or support the dollar.....trouble is he cannot do both...the bond traders knew this and called his bluff......now he is running out of bullets ....the falling dollar will lead to an exit of foreign equity.....a collapse in the stock market and greenspan will be fired by congress or will retire........mutual fund redemptions will also be worse this year$$$$ This is something akin to the scenario I had in mind when I titled this thread the collapse of 2001. I didn't believe he would be able to fix things(the debt problems and accompanying collapse in corporate investment) through interest rate cuts. The cuts would eventually bring a drop in the dollar as people lost confidence and put him in a prison box where there were no actions he could really take to make things better. This is what seems to be unfolding.