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.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (50519)	7/20/2002 7:58:30 PM
From: High-Tech East	Respond to of 64865

Message 17768394

To: High-Tech East who wrote (50519)	7/21/2002 4:55:50 AM
From: JDN	Read Replies (2) \| Respond to of 64865

Dear Ken: Yes, I watched the Greenspan testimony in the Senate when all of that happened. Most of you know my feelings about Greenspan but in his defense we have to remember that during that time we had: 1. The Mexican Peso devaluation and collapse 2. The Russian Ruple devaluation and potential collapse I BELIEVE that going from memory AG was using FED monetary policy to prop up those currencies as well as our own to avoid a monetary collapse world wide. (Incidentally I think I recall a THAI problem also at that time). Now, whether or not the USA FED whose SOLE JOB is SUPPOSED TO BE keeping the $$$ sound is supposed to be tinkering worldwide, I dont know, leave that up to the experts to decide, but thats at least ONE REASON he pushed up the money supply so much. Course as a result, Clinton gets credit for an economy he had no personal responsability for, just as now BUSH gets the blame for an economic problem HE had no responsability for, MEANWHILE the TEFLON CHAIRMAN is told he is the BEST EVER. haha. IRONIC ISN'T IT?? Now, regarding housing, many years ago I had a stint in that industry as a modular home manufacturer. I seem to recall that in a site built home there are over 3,000 suppliers directly or indirectly involved so I DO THINK the housing industry IS IMPORTANT to the economy and this time I HOPE Greenie is right that the strength of that industry will keep us afloat till things work themselves out. Worst comes to worst, I suppose Bush will manage a nice little war to JUMP START the economy. Do I hear IRAQ? JDN