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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4326)	1/3/2004 6:20:16 PM
From: ~digs	Read Replies (1) \| Respond to of 110194

Saturday January 3, 4:44 PM EST SAN DIEGO (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan said on Saturday that policymakers have been proven correct in their decision not to try to prick a 1990s stock-market bubble that subsequently broke on its own. "There appears to be enough evidence, at least tentatively, to conclude that our strategy of addressing the bubble's consequences rather than the bubble itself has been successful," Greenspan told the annual meeting of the American Economic Association in San Diego, Calif. Greenspan cited the "exceptionally" mild nature of the eight-month 2001 recession despite a series of shocks to the economy that included plunging stock prices, the Sept. 11 attacks, corporate scandals and wars in Afghanistan and Iraq. cont'd @ finance.myway.com

To: russwinter who wrote (4326)	1/3/2004 9:48:38 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Boy do I ever disagree. Greenspan was just babbling. The second speach calling for more disclosure and then not doing it was balbbling. The third speech talking at length about zero interest rates and the ability to still have bullets left was far more interesting. federalreserve.gov Amazing talk of the ability to hold interest rates at ZERO and still have ammo left if they did. Is this a perverse hint that rates are headed lower, are they angling for more rounds of refinancings, or are they just babbling? Mish