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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: fivebagger who wrote (24873)	5/22/2003 5:27:28 AM
From: lee kramer	Read Replies (1) \| Respond to of 26752

I must needs disagree. The fellow, Fed Chairman Greenspan is ok in my book. I think he's a straight shooter. The larger problem is the fellow in the Square Office [Oval, feh!] and the guys he's hired. A few of the best and brightest, not my phrase, are beginning to jump ship. I suspect there will be more. Do you really want George, Donald Duck Rumsfeld and Johnny-We-Relly-Know-You Ashcroft running things?The Iraqi adventure was ludicrous. I suspect Collin Powell, sharp and with fine character, may be the next to leave. This crows makes Tricky Dick Nixon nd his fellow felons look good.

To: fivebagger who wrote (24873)	5/22/2003 7:43:55 AM
From: Doug Robinson	Read Replies (1) \| Respond to of 26752

He seems convinced that only he and the Fed can solve the problem . . seems like a power trip to me. How many cuts and he still hasn't gotten the job done? What happens when he runs out of cuts? He didn't raise the rates when he should have and he didn't cut when he should have. He sort of sounds like those traders who keep using techniques that worked during the bull market and stuck with them. When questioned about deflation his reply "not having had any experience in the modern world with dealing with deflation, our knowledge base was virtually nonexistent. ...We now have been putting very significant resources in trying to understand, without actually seeing it happen, what this phenomenon is all about." If he is running the show then WHY? aren't they prepared for such a situation. This isn't the first deflation that the world has seen. He's behind the curve again, just like he was with the rate increases and cuts. Top notch traders know what to do when a bear starts to raise it's ugly head. They are prepared and take the correct actions even if they are a little late in their diagnosis. Greenspan sounds like the bull traders mentioned earlier. He didn't understand the situation and know he's trying to learn about it. Unfortunately, unlike the bull traders who didn't understand, he's not losing his money and job . . it's other people that are suffering.