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

To: Elroy Jetson who wrote (28277)	1/24/2008 12:21:31 AM
From: Maurice Winn	Respond to of 218428

Okay, joking aside, I don't really think of Alan Green$pan as a deity and have disagreed with the timing and amplitude of some of his moves. But I don't want to be too picky and over-emphasize details. Even King George II has come up with some ideas which I thought were not perfect. I do like him and never had trouble understanding what he was saying even though he himself claimed to be deliberately confusing. Certainly he was circumspect in his expressed opinions, but what he did say was entirely lucid and I agreed with his thoughts. I didn't say 3% is normal. 3% is what they aim at. People owning money like to take a good chunk for themselves - as much as they think they can get away with with killing the goose which lays the golden eggs. M3 only doubled from Y2K to the end of the line in 2006. That's only 12% a year. But look at the lethargic growth in M1 during his 20 years. Look how slow M3 was in the early 1990s. In 1987 he was responding to the huge crash which came soon after the previous reign. Then there was the early 1990s threatened Great Crash which was a fizzer. Mexico tried to go belly up and Green$pan and Clinton saved the day. 1997 and the Great Asian Contagion. Economies boomed around the world, with China going crazy on production and prices, and the biotelecosmictechdot.com productivity boom slashing prices enabling the money owners to dilute currencies hugely without prices rising as they would previously have done if such dilution had been done. It's quite understandable and reasonable that Green$pan responded to all those situations as he did. To me. What mammoth catastrophe? I haven't seen anything I'd call that. If "nearly everyone" knew about the bubbles, how come such legions of people lost so much money? Obviously it was NOT clear to all the buyers though the sellers might claim it was totally obvious. It's fascinating how few people are enthusiastic about taking responsibility for their own decisions and actions. Blaming a third party for the lenders and borrowers making foolish decisions is silly. What they could do is say they prayed and were TOLD to borrow. That would absolve them totally from their own mistakes. King George II prayed for guidance about Iraq. So it's not his fault there weren't any WMDs. You'd think the Eye in the Sky would have been able to give him better intelligence than that. People love a Get Out of Gaol Free card, Advance to Go, collect $200 and a Free Lunch. Mqurice