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

To: XenaLives who wrote (96621)	7/21/2002 9:46:08 AM
From: Jack Clarke	Read Replies (3) \| Respond to of 99280

Paula: The physical sin that Clinton committed only really affected his family. You are correct. The republicans tried to oust him based on his sins (or pecadilloes, depending on your point of view), but their plan backfired because the people didn't care and thought (as I did) that it was none of our business. Also their stocks were going up, and people have warm feelings and are filled with charity during these ebullient times (as Mr. Prechter points out with his wave theories.) When things get bad, those same people will become a snarling and vindictive mob. Clinton was lucky. He was also smart and bought himself an insurance policy in the first weeks of his presidency (the 1000+ FBI files.) I've always wondered if Greenspan's file was among them. How else to explain his inaction in aborting the bubble. We now have transcripts of the Fed meetings in which he admits we were in bubble and that he could stop it by raising margin requirements. He had the chutzpah to say the opposite to Congress shortly thereafter (bubbameise from the bubblemeister). Amazing. Also amazing that the current politicians seem so clueless about the "V" word.....valuation. What makes them think the S&P should be at twice historical valuation levels forever? Apologies to Zeev, but I assume the "no politics" part of this thread no longer applies with his departure to ihub. Best wishes, Jack

To: XenaLives who wrote (96621)	7/21/2002 11:09:57 AM
From: SOROS	Respond to of 99280

This will be the last post regarding this issue. Once again, people miss the point and focus on one particular problem of Clinton's. I think the main point was the orchestration of the bubble. I think Greenspan was included. What made the creation possible was the overall character and how it was portrayed by Clinton. You have a pre-planned bubble which made immediate gratification possible by systematically changing the conscience of a nation through direct monetary manipulation with total disregard for the consequences because of the completely selfish nature of the leader and his cohorts. If you cannot understand that, then, I do remain clueless, SOROS