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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (21243)	3/19/1998 2:50:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

(Off Topic) Great story on the dollar problem. I'm trying to figure out why Greenspan hasn't acted to slow things by squeezing money. He wouldn't really have to raise rates to drain some liquidity and lessen the potential bad effects of the bubble. You're right that it's probably too late. I wonder if he isn't thinking about what happened when the Japanese decided to prick their asset bubble in 1989. Maybe the non stop pump priming here has been meant to help keep Japanese banks afloat. I just know that it was a cyclical effort (Presidential cycle) by the Fed until 1994 to squeeze liquidity, even prior to the 1970's inflation. In '94 he only used interest rates but let money continue to expand. It's now rising at an ever expanding rate. Dwight