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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (800)	10/16/1998 11:06:00 AM
From: taxikid	Respond to of 1254

it is not good for the consumer it is only bullish for the economy today. if the fed lends out money for 0%, is that the ultimate for the economy... basic economics, guns vs butter.. at 0% everyone in either biz would just want to be a market speculator, which leads to no good being produced and all sectors of the economy getting hurt. especially if everyone defaults on their 125% home equity loans... greenspan is a chump. if you knew anything about the S&L crisis, and the bailouts that "bankrupted" us a few years ago, you would realize that greenspan wanted the US to continue to deregulate the S&L's at a time where re-regulating them was too late the man is a political hack... not an economist anymore than you are.