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JDS Uniphase Corporation Message Board

  • runlong_1999 runlong_1999 Mar 14, 2000 1:33 PM Flag

    To the Greenspan bashers...

    Anyone that is bashing Greenspan is advertising
    the fact that they know absolutely nothing whatsoever
    about economics. Like him or hate him because of his
    power over the market, but there is no person on the
    planet who is more responsible for the vast wealth that
    has been created by the stock market than Greenspan.
    Whether you like it or not, or whether you are smart
    enough to see it or not, his policies have kept going
    what would have ended long ago.

    Sure, without
    him "reigning us in" right now (and over the last
    year), the market would skyrocket in the short term.
    BUT...it would skyrocket out of control and come crashing
    back down when the party was over. His policies have
    allowed the economy to keep going and going and going
    such that the market is much higher today than it
    would have been had he unleashed it, which would have
    caused a crash and burn of epic proportion.

    And
    to the fool who said in a recent post that Greenspan
    has pushed us to the brink of a recession, what the
    hell planet are you on?

 
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