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To: Monty Lenard who wrote (55754)10/1/2001 2:28:54 PM
From: larry  Read Replies (1) | Respond to of 77400
 
But can Greenspan print greeny cash like there is no tomorrow, thus causing artificial inflation, and thus squeezing $$ out of people's pockets?:)

larry



To: Monty Lenard who wrote (55754)10/2/2001 4:31:53 PM
From: yard_man  Respond to of 77400
 
I think it is misleading, Monty.

Could Sept 11 have been a trigger in causing a drop in demand??

Sure.

But the problem is overinvestment in some areas and underinvestment in others -- i.e. the misdirection of resources caused by distorted signal resulting from arbitrarily low interest rates and "money for nothing" in the mid to late 90's.

If Sept 11 never happened there would have been another trigger -- peoples expectations (both individually and as they work for corporations making capital decisions) for the longer term were way out of whack with how the real economy could grow, IMO. Thank Greenspan and Wall Street -- they are practically one and the same anyway now.