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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (22171)	9/9/2007 2:13:22 PM
From: Slagle	Read Replies (2) \| Respond to of 217818

Snowshoe, I suppose I didn't state that very well. There were some problems, that I know, like those you mention. BUT. if you read critiques of the Y2K activities of the Greenspan fed, both then and after the fact, seems to me that some very smart people have pegged it right on the money, so to speak. Greenie used the "crisis" to pump vast amounts of unneeded liquidity into the system right at a critical point in the cycle, when it would have the most effect on stock prices. In any event that is what happened. It was a transfer of wealth from the many to the few and it is not over even yet. The unnecessary (but intentional) stock market bubble and collapse brought on a recession which in turn begat the "housing bubble", which is now in the process of collapse. Which will again cause a transfer of wealth from the many to the few, as it runs its course. Slagle