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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1153)	1/29/1999 6:39:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 1722

<<U.S. Q4 Gdp Growth Fastest In Over Two Years<< Credit growth was around 20% on an annualized basis in the 4th quarter personal savings were negative. The bubble is out of control and Greenspan is spiking the punch bowl instead of taking it away. I consider this man to be the single greatest threat to our way of life ever. His stubborn insistence that the Fed should only target CPI stability is going to be the ruin of the country. He is making the same mistake as the Fed in the 20s and the BOJ in the 80s. He either does not understand the long term damage he is doing or is unwilling to be held accountable for the mistakes of the last few years in allowing the bubble to form. I don't care how much damage I do as long as it doesn't happen on my watch....the mantra of the current Fed.