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To: Joseph G. who wrote (7873)	10/7/1998 9:04:00 AM
From: Cynic 2005	Respond to of 86076

08:44 GREENSPAN: THIS IS TIME FOR MONETARY POLICY TO BE ESPECIALLY ALERT. When we are bubbling, we don't need to be alert! 08:43 GREENSPAN: FORCES SHOULD DAMPEN DEMAND TO "UNKNOWN EXTENT". 08:43 GREENSPAN: US ECONOMY IS VERY "FLUID". In trouble 08:38 GREENSPAN SAYS HIGHER UNIT LABOR COSTS OFFSET BY LOWER NONLABOR COSTS. Inflation may be headed higher. Why wouldn't it? Greenback is being deported from around the world. -g- 08:34 GREENSPAN SAYS HE DOESN'T BELIEVE WHAT HE READS ABOUT BAD ECONOMY. Another way of saying unf'in believable 08:32 GREENSPAN SAYS BULL MARKET WAS "MAJOR FACTOR" IN CONSUMPTION, HOUSING.See, I told you so in my "irrational exuberance speech (or later). So, I should be off-the hook 08:31 GREENSPAN SAYS $1.5 TRILLION IN WEALTH LOST IN STOCK MARKET. try $2.5 tril until now and may be twice as much in a year. 08:28 GREENSPAN SAYS HIGH EARNINGS EXPECTATIONS "UNBELIEVABLE".He got that one right! 08:26 GREENSPAN: US ECONOMY STILL GROWING, HASN'T COLLAPSED.He ain't seen nothi'n yet. 08:26 GREENSPAN: NO IMPACT YET ON REAL ECONOMY. YET 08:24 GREENSPAN: LABOR MARKETS STILL PUTTING PRESSURE ON WAGES.Not for long 08:23 GREENSPAN: US "FAR SHORT" OF CREDIT CRUNCH.Now that you brought us this brink, Yah right, we should trust you now! 08:22 GREENSPAN: MARKETS CAN'T FUNCTION IN ENVIRONMENT OF FEAR.Fear is an ingredient of the markets. You and Bubba want to take it out an guarantee 20% p.a. returns. 08:18 GREENSPAN SAYS UNCERTAINTY AND FEAR ARE GROWING IN MARKETS.like we don't know! 08:17 GREENSPAN SAYS INVESTORS DEMANDING HIGHER ILLIQUDITY PREMIUM. 08:14 GREENSPAN: INVESTORS ALSO MOVING TO PROTECT LIQUIDITY.Why shouldn't they? 08:11 GREENSPAN SAID MARKETS HAD BECOME TOO COMPLACENT ABOUT RISK.You made them do it. Dr! 08:11 GREENSPAN SAYS MARKET SHIFTING TO SHORT-TERM FINANCING. 08:10 GREENSPAN: JUNK BONDS HAVE DRIED UP.Some good things come out of this 08:10 GREENSPAN SAYS BANKS INCREASING COLLATERAL REQUIREMENTS.see last comment 08:08 GREENSPAN SAYS US ECONOMIC OUTLOOK HAS WEAKENED FOR 1999.Thanks for telling us what we already knew. 08:08 GREENSPAN SAYS JUNK-BOND SPREAD SHOWS SHIFT IN RISK-AVERSION.That is good for a change! 08:07 GREENSPAN: WORLD ECONOMY IN "UNUSUAL PHENOMENON". No sht!*