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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (36208)7/17/2003 3:07:49 PM
From: AC Flyer  Read Replies (2) | Respond to of 74559
 
RS:

How about you try to rise above the immediate stimuli of the moment, just for once. Push away today's consumer confidence and unemployment numbers and the shrill politicking of those who seek to make a buck from the temporary economic misfortunes of the minority.

Take a longer perspective. Consider the vast positive changes in the US and global economic and political landscape in the last 15 years. Consider the trend, not the perturbations, in the inexorably rising income of the American middle class, the wealth of the average American family. Can you do this? Do you have the mental capacity?

Now, what exactly are Alan Greenspan's sins, other than having provided America with a dollar that has been a more constant store of value through his tenure than through that of any other Fed Chairman? And just exactly what kind of a crime is that, to preserve the value of our money and make the mighty US dollar the world's reserve currency?

Maybe you're just another unhinged former day trader, like our friend Ray Duray, who went off the deep end in 1999 and now can not summon the strength of character to look in the mirror and say, "I did it. Me. Not Uncle Al. Me. I made those trades."