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Can you stop this hate mail please? If you have a problem with Greenspan
talk to Clinton. Otherwise apply for his positon and do your stuff so we
can see how much more brilliant you are, which may well be the case, but
beforehand please learn to have more respect for others if you want them
to respect you. Nobody will listen to you if you don't start listening
to them.
Gwenn
James Taylor wrote:
> Excerpt from today's Market Rap w/ Bill Fleckenstein at
> www.siliconinvestor.com
>
> mentions Greenspan's latest attempt to rig the markets, in order to
> keep the (disaster waiting to happen) bubbles alive. I can't say
> enough bad things about this criminal Greenspan. What will he say
> when the US is plunged into the next depression that he was one of the
> chief architects of ? I can't be alone in seeing this maniac for
> what he is.
>
> ----------
>
> Hit 'em where it hurts... It's interesting that Greenspan doesn't seem
> to notice what the folks at the New York Merc have noticed about
> heating oil. This morning, Joanie pointed out:
>
> "Y'all know about the cold snap and the resulting surge in prices
> which led crude along, right? Well, they busted heating oil yesterday
> 11 percent in the blink of an eye. How did they do that? (Al. Pay
> attention here.) Besides the call for milder temperatures, they had
> the audacity to raise margin requirements for February heating oil -
> are you ready - by a steep 80 percent, effective on the close
> yesterday. This margin hike (which Mr. Greenspan feels is ineffective
> in controlling stock levels, for example) is on the heels of a
> 25-percent margin hike last Friday on crude and products future trade.
> So, if you want to weed out the speculators, hit 'em in the
> pocketbook, right?"
>
> It just goes to show you that raising margin requirements does cool
> speculation, and it's a much more effective tool than raising interest
> rates. Of course, when Greenspan raises interest rates he just prints
> more money, but that's a different topic.
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