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To: AC Flyer who wrote (117429)	8/18/2001 1:42:04 AM
From: TobagoJack	Read Replies (1) \| Respond to of 436258

Hi AC Flyer, <<How does ... publicly quoted ... Governor of the Federal Reserve Board as "senile?" ... cheap sniping and anonymous name-dropping is egotistical and juvenile>> You mean like this ... Message 15697602 I apologize to have disturbed some sensibilities and sensitivities, but I still do not know how to report on an actual conversation that happened amongst buddies who, all except Jay, do not care to be identified. Hong Kong is a small fishing village founded on an empty rock, where one can not hope to remain anonymous even while philandering in nearby Macao. Having never met the august Mr. Greenspankie, but having always suspected that he is a sycophantic crowd pleaser devoid of any altruism and nobility, I figure I will just rely on those that do meet him and care to speak their mind. Did I do so wrong? On the matter of Nobelist Milton Friedman, we are now testing out his theories concerning the avoidance of financial gravity and circumvention of economic mass. I would be, without sarcasm, very happy if the Al and Milton show carries the night. Chugs, Jay

To: AC Flyer who wrote (117429)	8/18/2001 7:49:35 AM
From: marginmike	Read Replies (1) \| Respond to of 436258

IS THAT A JOKE? Allan greenspan is asleep at the switch, and George Bush was the guy who started the fiscal restraint. Al Greenspan has contradicted half the things he has said. He says at Dow 7440 that stocks are at ridiculous valuations. Then in 1998 at that same level he turns on the spigots. At dow 10-11000 he says these prices are now justified......HUH? Then he says productivity is overstated, then he says its a miracle....huh? In his younger years he talks about over stimulation, and unsustainable credit expansion then he is the person who repeats the blunders he crituqued.....huh?. Look when clowns, bulls, and the guys from Janus bad mouth the fed and AL after they praised him forever is indeed hipocritical. There have been a few here(myself not included) who have been right on about Al Greenspans inconsistencies and his contradictions. The simple fact is he is OUT of controll, and he needs to be replaced.

To: AC Flyer who wrote (117429)	8/18/2001 7:52:36 AM
From: marginmike	Read Replies (3) \| Respond to of 436258

Kudlow is also an Ex Coke head whom works as a corespondent now, he is nothing more then a Journalist. He has very litlle credibility in my book

To: AC Flyer who wrote (117429)	8/18/2001 10:24:36 AM
From: Mike M2	Read Replies (2) \| Respond to of 436258

AC, I can understand how people may have confidence in AG and his easy money because in the past easy money has been very effective but no longer. we are just beginning to pay the price. The austrian school objects to monetary inflation because it creates unsustainable imbalances and distorts the demand/output structure of the economy. The imbalances are record low savings rate, record high trade and current account deficit, excessive consumption crowding out investment, record private debt levels- corporate & consumer. We have huge malinvestments in the internet ,telecommunications and excess capacity in semiconductors. It is too early for most to understand but in time people will understand why history will judge AG very harshly. Mike