Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (55122)	9/20/2001 12:13:57 PM
From: GST	Respond to of 94695

"pronounced disengagement from future commitments" The people don't want to hear the truth. If Greenspan or O'Neil told the truth right now they would be put on trial for treason against the market if not the nation. What do you think would happen if they just came out and said "the government must now borrow heavily as we plunge war and recession while cutting short rates extra low -- the net effect being capital flight and deep losses in the long-bond as more capital must be attracted into an increasingly risky long-term bet on the balance between productivity growth and inflation. With the size of the current acocunt deficit and the fiscal mess we are getting into, the stock markets will sell-off hard as foreigners seek protection from vastly increased currency risk". Do you think they can go before the Congress or the Senate and say -- "no matter what we do, people who own US financial assets are going to get screwed -- we are just slowing down the screwing as much as possible to make it last longer." ??