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To: Chuzzlewit who wrote (53750)	7/24/1998 12:16:00 AM
From: SecularBull	Respond to of 176387

Attacking the messenger? Many people seem to think that the direction of rates is totally up to Alan, and that any action he takes, although in their minds unnecessary, will hurt the markets. LoD

To: Chuzzlewit who wrote (53750)	7/24/1998 2:46:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 176387

my post on greenspan seems to have touched a nerve. it was a joke but evidently there is enough truth in it to be considered a real possibility (that mr. g is part of a loose-knit conspiracy) It was what used to be called "kidding on the square." To those who sent me hate mail, get a grip. Still Greenspan does not have our (this thread's) interest at heart. Keep that in mind. When asked yesterday by Rep. Kennedy, what would be the worst thing to happen to the country if the stock market crashed, he answered, "why a great deal of debt would be unserviceable." Not that people mwould lose their savings or see their portfolios shrink. No just that the bankers wouldn't get their interest payments. This guy knows who he has to stay on the good side of. He is still fighting inflation where there isn't any but what the hell there could be someone like newt gingrich in the job. i believe the greenspan correction is over for now. the sad part of it is that it never needed to happen at all. as the voice of reason, you are correct. poor earnings were a big part of this too. jhg