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To: Paul Shread who wrote (23426)	11/30/2001 9:19:58 PM
From: John Madarasz	Respond to of 209892

Here's an interesting, if not cavalier, comment from FED Gov. Meyer from that very same meeting earlier this week... “I always love to point out how difficult it is to determine if there’s an asset bubble. There’s much debating. Of course, Alan Greenspan has come up with the absolutely definitive rule to determine whether or not there is an asset bubble. And we are all thankful. And the rule is, if asset prices fall by 40% or more, then there was an asset bubble (laughs). Now, this is not facetious; this is a very profound point. The point here is that it is very difficult at the time, with all of the things developing, to be certain whether or not there is an asset bubble. You sometimes only know for sure afterwards.” prudentbear.com