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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (2961)7/22/1998 8:10:00 AM
From: SDR-SI  Read Replies (1) | Respond to of 11568
 
limtex:

Although I agree with many of your comments, and would prefer that Mr. Greenspan not make his now habitual, bi-monthly, down-day-resulting comments (or at least make them in a way that has less direct market effect), we really must admit that the results on overall economy AND market over the past couple of years have been quite beneficial to investors and businesses. Although it hurts for a while each time he makes his pronouncements that if things don't get themselves under control he will have to do something, the fact is that these pronouncements have resulted in things getting themselves back into control without the need for him to do something with interest rates.

Although one cannot give him credit for the robust economy and for the lack of inflation, he is in a unique position to ruin the benefits of same ... and he has not. He has used his power of threat and his position of influence to keep the economy from needing the dreaded mode of central bank active economic correction through day-to-day interest rate manipulation.

IMHO that it takes more skill to know how to keep things in a very narrow range around an optimum course, than it does to make the large and dramatic changes to get back on course once we are way off.

I also believe that continued growth of WCOM benefits directly, continuously and immediately from keeping the economy on course without gyrations and the resultant over-regulation that such cause.

Steve



To: limtex who wrote (2961)7/22/1998 8:15:00 AM
From: SDR-SI  Respond to of 11568
 
I neglected to point out in my post before this (2962) that my comments made last night on the fact that you posted the same economy-related posting on several threads were meant to indicate that you were not a disgruntled WCOM employee or disgruntled WCOM investor, as someone else had suggested, but that you were commenting more on the "Big G" pronouncement.

Steve


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