To: 10K a day who wrote (10633 ) 5/3/2002 1:28:28 PM From: Crystal ball Read Replies (1) | Respond to Greenspan, Going, going, gone, good riddance. You can't just lower interest rates, the FOMC failed to increase the actual SUPPLY OF MONEY, to increase the supply of money by lowering interest rates alone, means loans are still tight, but cheaper, but corporate America has to EARN back the lost 2.5 Trillion Dollars Money Supply Greenspan destroyed. Until the Federal Reserve actually floats more supply, we are looking at a 1971-1979 long STAGNATION period as the economy and therefore the markets CRAWL ON THEIR OWN into a recovery. Remember who was the head of the Federal Reserve back then?......Vogel, you know, the guy overseeing the demise of Enron and Arthur Anderson. Greenspan is another loser for US. The sooner he is gone, the sooner monetary policy can return to the NEEDS of the international and national economies, not the WHIM and CENTRAL CONTROL of a CENTRAL CONTROL FREAK. Of course, Andrea Mitchell, his wife, is providing COVER for husband Greenspan with the Press especially the Washington DC Press Corps, and therefore, no one has the GUTS to expose Greenspan's liability, Greenspan as THE CAUSE of the present downturn/recession/depression 9depending on you geographical location at the moment) and riots and economic riggered wars (politics is just the shadow of economics) in the Middle East, Israel/Palestine, Argentina, Japan, nd soon Mexico....ohhhh then it might matter, but by then it will be too late. President George W. Bush doesn't get it, it will be Bush or Greenspanism in the next election, and then the next Presidential election, and if Bush fails to act, he will be a one termer like dear old Dad, both casualties of Greedspammer.
