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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (29144)	1/24/2002 4:29:43 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 209892

Haim, my impression is actually that Duisenberg is well liked in Europe..in spite of his past PR gaffes. it appears to me it is mostly the US financial press that dislikes him. however, he is much more blunt and straightforward than the great obfuscator Greenspan ("chairman, if we have a surplus depends on how you calculate it, or rather, what the purpose of your calculation is") and to me he's the conservative central bonker par excellence. he doesn't give a sh*t about politicians urging him to countenance a bit more deficit spending...the currency's integrity is his only concern. contrary to Greenspan he has repeatedly stressed that the central bank can NOT produce economic growth (AMEN!) and he keeps reminding EU politicos of the urgent need for wide ranging structural reform. i share your cynicism regarding the recovery talk...i think it's a load of baloney. notice how it took Greenspan a little over a week to completely change his tune regarding economic prospects? first he assures the credit bubble participants that the Fed will keep pumping by intimating that things aren't as rosy as everyone thinks, and then he bows immediately to criticism that he is 'sounding too negative'. political expediency has become the trademark of this market fixer and central planner...what a far cry from his 1960's flirt with libertarianism! i'm getting more disgusted by the day. so my position is exactly the opposite from the media consensus - to me, Duisenberg beats Greenspan hands down. and that from someone that used to call the poor man "Duisentwit".