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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: TREND1 who wrote (52235)4/17/2002 11:33:49 AM
From: Steve Lee  Read Replies (1) | Respond to of 99280
 
I am sure that greenspan is better informed than all of us. But if he has an agenda when disseminating his information then why should we take any notice of him?

An example of an agenda could be that he sees impending financial disaster if the consumer doesn't keep spending so he says everything is rosy to stop people from tightening wallets. If that were the case then he has the country's interests at heart, but is trying to deceive. Not e that deceiving isn't the same as lying. By selecting which parts of the truth to tell, and omitting others, he can deceive without lying.



To: TREND1 who wrote (52235)4/17/2002 11:35:19 AM
From: Crimson Ghost  Read Replies (3) | Respond to of 99280
 
His lousy forecasting record speaks for itself, better-informed or not. He is the genius who proclaimed near the height of the bubble that he was not at all sure we were in a bubble at all.

Now his forecasts are important. But only because they provide a clue to Fed policy -- not because they are likely to be very accurate.