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Have to agree with Gwenn.
This "attacking" is a bit like the dog barring its teeth at the postman, but
letting him delivery the letters anyway.
Gram.
>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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