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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: paul_philp who wrote (57428)11/16/2002 3:38:02 PM
From: Bilow  Read Replies (1) | Respond to of 281500
 
Hi paul_philp; Re: "It is comforting to find someone to blame for what we have experienced over the past 5 - 7 years [market bubble] but it is a myth."

You got that right. That Alan Greenspan could possibly have stopped us is silly. We outnumber him 280,000,000 to 1.

-- Carl



To: paul_philp who wrote (57428)11/17/2002 12:41:46 AM
From: Karen Lawrence  Read Replies (1) | Respond to of 281500
 
If Greenspan's interest rate hikes and drops didn't affect anything, then what was the interest in his every move? I think he didn't act soon enoughin 96, and then he exacerbated the problem when he started hiking interest rates in 99 and 2000. When he did something, the market reacted. And IMO, he did everything wrong.

But, that's fascinating that you are writing a book, and I'm certain you know infinitely more than I. However, I still blame AG. He takes credit for what goes right, why should he skate for what has gone wrong? But I'll be very interested to read your book.

Who is Claude Shannon?