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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Esvida who wrote (538)	1/7/1998 11:41:00 AM
From: Rational	Respond to of 9980

Al: I rarely read the full length of Greenspan's or others' speeches, lest that would prejudice my independent thinking (which can and does go wrong). I quoted Greenspan's comments from WSJ, verbatim. My views are not conditional on what Greenspan says or Soros expresses, as I have stated in some post earlier. I do, however, verify my views with the actions (not words) of policy makers. I was quite radical (IMO) to buck the trend to envision that US$ would/should/must eventually fall to restore equilibrium; it has happened sooner than I had thought. This is benign for the US and global economy (as it shrinks US stock values, especially bubble stocks) and is (I believe) consistent with US policy makers' actions. I am not sure the trend has reversed yet, but my view is it should and must to restore equilibrium. It is my opinion and is not intended for investment decisions. Sankar

To: Esvida who wrote (538)	1/8/1998 5:31:00 AM
From: Don Earl	Read Replies (2) \| Respond to of 9980

Hi Al, I wonder if anyone besides you and I read the entire Greenspan speech. To sumarize a lot of very dull and wordy rhetoric, he basically said that the methods they use to calculate the statistics used for predicting future economic trends don't mean diddily and are inaccurate as hell. Other than that he talked a lot about a lot of things that are NOT happening in the US economy, including deflation. It's refreshing to see someone that has a source of information other than Reuters. Regards, Don