SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Sig who wrote (113089)8/27/2003 9:02:15 PM
From: Noel de Leon  Respond to of 281500
 
"I consider the financial world to be an undecipherable shambles.Greenspan and the Feds have done their best, still could not seem to affect it much. All the deriatives, options, forward selling of energy contracts, bundled mortgages.Beyond undestanding."

Greed is one way to understand what happened and is happening.

"Greenspan and the Feds have done their best, still could not seem to affect it much."

Greenspan did not do his best and the results are the bubble that burst and the bubble that will burst.
Consumer debt is not being dealt with even though the tools exist.

Bush is trying to control the oil supply and doesn't seem to be succeeding. Even if he does then Hubbert's Peak kicks in. So both in the short and long term Bush is doing little to prevent an energy crisis.

Gold is at 371.