To: JakeStraw who wrote (9036 ) 8/23/2001 2:12:24 PM From: Crystal ball Respond to FORBES 9/3/2001 page 32 UNINDICTED ANTAGONIST (Greenspan). 2 Greenspan Predictions you can take to the Bank, 1st Bush will never reappoint him, there will be no secret deal or early renomination to allow Greedspammer the chance to destroy another Conservative and Capitalist agenda, like the deal made with Clinton and Kentucky Log Cabin Al, (who i ADMIT i ONCE RESPECTED AND VOTED FOR, but quoth the raven NEVERMORE). 2ND, O'Neill will retire in time for his Treasury Secretary Successor to do a BATTLE ROYAL with the dying days of Greenspans Fed term. You can take these predictions to the bank. Jake it is that simple, this one "mole" who paraded around as a republican and was appointed by Reagan and reappointed by Bush Sr had already misadvised the US Steel Industry, which is why the QUOTAS in the above Forbes article points out will not save the US Steel Industry that Greenspan, as their adviser, lost to the Asians then, just as he is selling out the US Financial and Banking interests now to the corrupt Asian banking interests. The Dow Jones AIG Commodity Index has dropped 40% due to the DESTRUCTION OF LIQUIDITY caused directly by Greenspan & Company, and they are correct that quotas will hurt the 40 times (4000 percent) more workers employed in Steel related industries as steel costs now rise....this could have been avoided if HIGH TECH STEEL WAS MADE IN THE USA instead of sold off or outright allowed to be stolen by the Japanese and rest of the Asian industrial pacific rim "Free" Trade Zones, including those where communists slave workers earn 12 cents ($0.12) an hour, who can compete with that. Deflation leads to stagnation and then hyperinflation, this I predict, will also fail to be seen as a blame worthy of Greenspan, but that is who I blame, plain as day, and am pleased that the likes of FORBES is starting to see the devastation Greenspan & Company has caused and are still causing, because they fail to add liquidity they destroyed (over $10 Trillion Dollars worldwide) to the financial markets and economy. Lower Fed interest rates may be positive carry, but until your local bank can borrow at LOWER THAN 2 YEAR TREASURIES there is no OPEN CARRY to create via covered fed required reserves on the safe treasuries, easy repayment at a OPEN CARRY profit margin for multiplier loans to your locl industries, there will be no growth, no real recovery. The high tech world we were on the verge of entering is delayed until then, it takes more than high tech patents, even Greenspan admitted it takes CAPITAL and that means LIQUIDITY to create the high tech demand driven economy we had and built with risk capital, something a CENTRAL CONTROL almost moscow central communist or socialist approach used by Greenspan's Federal Reserve apparently does not understand, and judging by the US STeel industry as one example, never learned. That is why I balance super high tech expansion "leading edge" investments in PALM with high tech storage "necessity" investment in NTAP. Both have earnings, great products and services and GROWTH a good balance. Especially with the ProAct deal with ERCY to use NTAP NAS storage for their wireless infrastructure.
