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

To: macavity who wrote (50129)	5/18/2004 3:51:35 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

More of the same old Uncle Al KBE is very good. The Gloomsters and Doomsters need somebody who will do stupid things to get the financial implosion and international catastrophe they expect. Our great, venerable and estimable idol Alan Green$pan is standing in the way, maintaining global financial stability. Good for him. The Biotelecosmictechdot.com boom and bust have disappeared into history, with the remaining issue being to raise interest rates gently back to normal operating levels. Even India, which has voted itself poor for over half a century is coming out of their economic swamp, with Singh going to be running the show and continuing to turn people loose. India, like China, can become a vast economic engine on Earth. That's another billion people all lending a hand instead of being paralyzed in poverty. Things are going very, very well. Iraq makes a lot of news, but it's trivial. Even the price of oil, which mattered in the early 1970s, is just a small factor in the modern economy. People these days barely know what a dipstick is. Mq

To: macavity who wrote (50129)	5/19/2004 5:15:14 AM
From: elmatador	Respond to of 74559

<<Fed's decision to raise rates due same day US hands Iraq over.>> I love to be broadband!! The Fed's Iraqi handover strategy Alan Greenspan will definitely be heading the Fed at its next meeting on June 30, but it came down to the wire. The chairman's current term expires on June 20 and the Bush administration had been taking its time to renominate him - even though its intent to reappoint him was announced months ago It's not the first time there has been a delay in reaffirming him. According to Wrightson ICAP, a research firm, Greenspan has managed to extend his four, four-year terms of office by almost a year owing to government delays in re-confirming him. George H. W. Bush dithered until just a month before Greenspan's term ran out, and Bill Clinton held out until only a week was left. No wonder markets were so sanguine this time around. Coincidentally, the Fed's decision on whether to raise rates is due the same day as the US hands over power in Iraq. What would a quarter-point boost do that day? news.ft.com Got to have the right guy there and Greens pan will do the right thing. But of course people here are going to say: No! This happens only in Brazil! Here in the USofA? Sacre Bleu, mon dieu! Ma non!