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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (27821)	3/5/2005 5:57:03 PM
From: Amy J	Respond to of 306849

WASHINGTON (AP) - Federal Reserve officials worried throughout 1999 about the soaring stock market even as they began raising interest rates in a series of moves that contributed to the market's steep plunge in 2000, according to transcripts of their private meetings released Friday. --------- I'll give Greenspan credit for the irrational exuberance comment, but why a private meeting in 1999 rather than a public statement? Is he finally worried about the Real Estate bubble - or is a 20% drop considered negligible?