Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Snowshoe who wrote (22186)	9/9/2007 8:12:59 PM
From: energyplay	Respond to of 217838

We need to consider Greenspan and Y2K separately. Y2K was a real problem even if Paul Volker had been running the FED. Much of pumping that Greenspan did after the "irrational exuberance " speech (in December 1996) was not needed, except for the 1998 Asia currency crisis and 9/11. That's maybe 2 problems in 9 + years. The extensive rate cuts in 1999 were probably the worst. One rate cut and a signal of a willingness to act would have been sufficient. Notice that government had a very large response to a medium to large size problem, Y2K. It's like a frat house those medical stories showing some benefit from moderate consumption of red wine...