Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pat mudge who wrote (6627)	9/18/1998 12:02:00 AM
From: Thomas Scharf	Read Replies (2) \| Respond to of 18016

>>whether...what has been, without question, one of the best economic performances in our history is a harbinger of a new economy or just a hyped-up version of the old, will be answered only with the inexorable passage of time.<< AG's speech is just a highly verbose way of saying "I don't know, let's wait and see".

To: pat mudge who wrote (6627)	9/20/1998 1:37:00 PM
From: Tunica Albuginea	Respond to of 18016

Pat, I too agree with Thomas Scharf comment that Alan Greespan in his speech essentially tells us that yes " we had a great 7 years" , " but I believe that human nature remains the same " and thus " In summary, whether over the past five to seven years, what has been, without question, one of the best economic performances in our history is a harbinger of a new economy or just a hyped-up version of the old, will be answered only with the inexorable passage of time. And I suspect our grandchildren, and theirs, will be periodically debating whether they are in a new economy." Alan, will wait until more pus is expelled from 3rd world economies before adding fuel ( US dollars; with interest rate cuts ) to the fire. And this time there is nobody to rescue the profligate Banks: neither the IMF, nor slick Billy, nor the Democratic party, nor the often-duped but now-more-savvy-US-taxpayer, recently also known as " get- your-hands-out-of-my-wallet Joe ". TA