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Yeah Dennis,
The deep problems with the economy are just figments of our imaginations,
the record bankruptcies being posted, and the staggering levels of personal
debt are also
nothing to worry about.
Just close your eyes and everything will be fine.
For me, I prefer knowing the real deal on the issues, and am in the camp who
believe that
Greenspan really doesn't know what he has done (or is doing), and he will
learn sooner than later
that the markets are bigger than he is, and his mismanagement of this
economy will cause needless suffering
of millions of people.
JT
----- Original Message -----
From: "DH" <catapult@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Monday, January 08, 2001 10:23 PM
Subject: Re: [RT] Excellent article on the credit bubble
> Here's another one for those who like scaring themselves. :-)
>
> http://www.contraryinvestor.com/moarchive/mo120700.htm
>
> The big banks are hangin' it out there. No question about it.
>
> That said, I'm somewhat surprised that the author of the piece JW posted
> would take on face value Bob Woodward's interpretation of Greenspan's
> knowledge about the economy. He reads a superficial book, written by a
> superficial popular author whose knowledge of economics consists of
> depositing his paycheck, and concludes that Greenspan has a superficial
> understanding of his job. Woodward doesn't mention something so Nolan
> concludes that Greenspan isn't aware of it. Please, the credit problems
> are real enough that the author needn't stoop to such levels, thus
> damaging his own credibility.
>
> --
> Dennis
>
> To unsubscribe from this group, send an email to:
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>
>
>
>
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