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To: jrhana who wrote (3831)3/28/2003 3:08:13 PM
From: Little Joe  Respond to of 5423
 
"Greenspan will not allow a deflationary depression even if he has to personally stand on a street corner and hand a $100,000 bill to every man woman and child."

I hope I am first in line. I will put it all into gold.:)

Little joe



To: jrhana who wrote (3831)3/30/2003 12:43:53 AM
From: LLCF  Read Replies (1) | Respond to of 5423
 
<Greenspan will not allow a deflationary depression even if he has to personally stand on a street corner and hand a $100,000 bill to every man woman and child.>

Agreed, and so will most politicians.

What people don't seem to want to see is that the whole process, including the silly low rates we're currently seeing, is wiping out the elderly and forcing them to 'do something' with their money where age would dictate keeping cash. IMO what the fed has done in this regard is sick. Full ramifications to be seen over time.

DAK