To: Dave who wrote (40392 ) 9/6/2001 12:33:26 PM From: Crystal ball Respond to MONEY SUPPLY & LIQUIDITY destroyed by Greenspan, over $10 Trillion Dollars, M1, M2, M3 all the valuation of the market will take more than time to cure. OPEN CARRY is needed and Greenspan & Company have a political agenda that goes beyond their jurisdiction and the authority of the Federal Reserve (US Central Bank) system to maintain centralized contrl of an economy that was becoming FREE TRADE and globally decentralized. OPEN CARRY has not been achieved, the 2 year treaury rates are still lower than the federal reserve interest rates, making it impossible for banks to borrow from the federal reserve and buy treasury issues to cover their mandated bank cash on hand "RESERVES" at a small profit, in order to loosen their other cash on hand to loan out to consumers and in particular businesses, to add liquidity, and the multiplier effect as the money comes back into the bank as deposits from the lending businesses and their suppliers and creditors, to be loaned out quickly again, adding more and more liquidity up the food chain of business to consumer and business to business all the way up to publically traded large corporations and the stock markets, returning earnings, and with it higher stock valuations that will begin to repair and replace the loss liquidity destroyed by Greenspan's insane hiking of interest rates the last 2 years that crashed the markets and induced the 2nd Greenspan earnings recession in the first place. Greenspan either has no courage to lower rates wholesale like Paul Volcker did before him, or he has a hidden political agenda by its failed liberal monetary policies to destroy the Bush administration's restructuring of the political economy through conservative budgets and fiscal policies.
