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To: dougjn who wrote (15179)	9/17/1998 11:19:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

I am no economist, but the situation now is not even close to the 1930's. The great depression was caused by a Tarrif war started in the early 1900's. The complete collapse of international trade occured. This is not a good analogy. To be Honest we are in unchartered waters, and I think there are few economic models to draw from. The criteria of a 1)watershed age(Idustrial rev, mass prod, info) 2)A huge growth descrepency between 50-50% of world 3)single hegomonic super power 4) Technological explosion 5)power vacume(world leaders 6)International agencies to the degree we have now has never been seen befor. Besides the deflationary concern there is no other corelation. The entire world is open(mostly), trade flows well, capital flows. There are proper nets in place in the US and other countries to pump money if things get illiquid. Where is the similarity?

To: dougjn who wrote (15179)	9/17/1998 11:25:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

I think greenspan eases on Sept 23 by half a point. He was just playing his cards close to his vest so as not to trigger "irrational exuberance" .

To: dougjn who wrote (15179)	9/18/1998 3:01:00 AM
From: gdichaz	Read Replies (1) \| Respond to of 152472

To Doug: Greenspan and Rubin were just trying to use scare tactics to get the House to cough up multibillions for the IMF to bail out Soros and his fellow currency speculators and their Wall Street buddies. No more, no less. This was testimony for a specific purpose, nada mas. What their views are re the near future of the US and world economy is unknown except that Rubin keeps saying that we are in the best of all possible economic worlds when he is giving a speech in support of the outstanding job his boss Pres Clinton has done, is doing and will do. :-) Chaz