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To: ahhaha who wrote (60679)	8/6/2002 8:12:51 AM
From: elmatador	Respond to of 77397

Good posting. Thanks! rgds elmat

To: ahhaha who wrote (60679)	8/7/2002 12:10:07 AM
From: HULA	Respond to of 77397

>>I guess what's amazing though is that so many applaud AG as a great hero when actually he's been the worst chairman since Burns.<< AG cut interest rates 3 times in 1998 to rescue the Asia financial crisis, which actually resulting in fending off RMB's devaluation and accelerating the Internet bubble... quote.yahoo.com^IXIC&d=c&t=5y&l=on&z=b&q=l and now, here is the result: the shining RMB and our stock market crumbled due to the bubble burst!! newsmax.com and WS expects another interest rate cut???

To: ahhaha who wrote (60679)	8/9/2002 7:04:24 PM
From: shoe	Read Replies (2) \| Respond to of 77397

No one has a crystal ball to predict to economy, including Alan Greenspan. Like Chairman Volker, he has been one of the best Federal Reserve chairmen because as the stock market collapsed from late 2000 through 2001, he lowered the discount rate eleven times--an unprecedented amount--thereby saving us from a 1930 's style depression for which I am eternally grateful. (Read Since Yesterday by Lewis Allen.) Alan Greenspan has a limited ability to control the markets and the economy, and he did all the he could do. Those who say he caused the bubble to pop are a bit naive. That bubble would have popped no matter what he or anyone else did. Regards.