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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (4245)8/9/2002 10:10:31 AM
From: Cactus Jack  Read Replies (1) | Respond to of 89467
 
< The dumbest thing he ever did -- and there's lots of competition -- was not to follow up on the "irrational exuberance" warning that he stole from Shiller in 1998, when the Dow was at 6400.>

I believe that Greenspan actually made that statement earlier (in 1996), also commented that raising margin requirements could keep it from continuing into a bubble, and nevertheless did nothing.

jpgill


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