|
PureBytes Links
Trading Reference Links
|
Yep. You play your cards and I'll play mine.
I am guessing that Greenspan was just re-nominated with some "conditions" he
must follow.
Greenspan's statements are what did the market-in. Also, the fact that he
was "new" to the markets. He said significant interest rate increases were
warranted...he placed the fear of God in the market.
thus...he learned his lesson on exactly what to say and what not to
say....when the markets are in a speculative state and "overbought".
He is more likely to take stronger action if the markets roll-back a bit.
The recent NDX decline has taken some of the pressure off him.
> -----Original Message-----
> From: TradeWynne@xxxxxxx [mailto:TradeWynne@xxxxxxx]
> Sent: Tuesday, March 14, 2000 7:26 PM
> To: prosys@xxxxxxxxxxxxxxxx; Mben@xxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: FW: is this the beginning of .....
>
>
> In a message dated 3/14/00 2:15:19 PM Pacific Standard Time,
> prosys@xxxxxxxxxxxxxxxx writes:
>
> > He'll never forget the mess he made in 1987.........
>
> M:
>
> So you are saying he caused the 1987 crash after less than two months in
> office, and that after a life as a republican appointee he is now the
> democrat's "puppet"?
>
> I'm curious, what was it that he did to make such a "mess"? I
> remember, the
> bonds fell 25+ points prior to the crash, but lots of that was
> while P.V. was
> still in office. Crude had more than doubled that summer (before
> Al got in
> there) from about a year earlier. Any of this ringing a bell?
>
> Bill Wynne
> SmartTrades.com
>
> >
> > In a message dated 3/14/00 7:55:53 AM Pacific Standard Time,
> > prosys@xxxxxxxxxxxxxxxx writes:
> >
> > > 1) Greenspan is a puppet of the current admin....he has been
> > charged with
> > > NOT causing a market upset before NOVEMBER 2000.
> >
> > quotes below are from: http://www.bog.frb.fed.us/BIOS/Greenspan.HTM
> >
> > "He originally took office as Chairman and to fill an unexpired
> term as a
> > member of the Board on August 11, 1987. [Reagan's appointment]
> >
> > From 1974 to 1977 he served as Chairman of the President's Council of
> > Economic Advisers under President Ford and from 1981 to 1983 as
> > Chairman of
> > the National Commission on Social Security Reform.
> >
> > Dr. Greenspan has also served as a member of President Reagan's Economic
> > Policy Advisory Board, a member of Time magazine's Board of
> Economists, a
> > senior adviser to the Brookings Panel on Economic Activity, and a
> > consultant
> > to the Congressional Budget Office."
> >
> > FWIW
> >
> > Bill Wynne
> > SmartTrades.com
> >
>
|