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To: Crystal ball who wrote (132041)9/28/2001 1:53:16 PM
From: Oeconomicus  Read Replies (3) | Respond to of 164684
 
Poor, poor Crystal. Greeny took your punchbowl away? Didn't you notice it was spiked with some mind-altering substance? Yes. Everyone at the party was running around naked, smoking cigars lit with thousand dollar bills, and some even committing leud acts with them. If he weren't so busy worrying about whether the ball would drop in Time Square, he might have prevented it from becoming spiked, but once he noticed that it was, he had no choice.

Don't blame Greenspan for investor foolishness. For letting the foolishness get out of hand, maybe, but not the foolishness itself.

PS: What's the "$10 Trillion Dollars and GROWING"? I thought you said it wasn't a loss if you don't sell.

You i$,
Too funny,
-Crystal Ball

;-)



To: Crystal ball who wrote (132041)9/28/2001 2:49:31 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 164684
 
cb, you have a fundamental problem. the technological revolution never showed up in statistics. therefore, greenspan arbitrarily changed the statistics to CREATE the IMAGE of a revolution out of nothing. i know you will never let facts get in the way of your fantasy.

the gulli-bulls fell for it (ignored facts) and now get to live with the consequences (can't ignore!).

if your scenario was correct then the low interest rates of today would spurn business to old levels. it isn't. why? no more irrational business building with no reasonable business plan requiring lots of infrastructure crap to lose the billions their business model guarantees them to lose. the game is over. the bubble popped and now we get to wrestle the excesses of our irresponsible behavior.

>>It was all about MONEY SUPPLY. When Greenspan increased rates, he destroyed $10 Trillion Dollars and GROWING...<<

i thought it wasn't money until you sell! ha ha ha! you can't even be consistent! ;-)