No. of Recommendations: 5
We all need to remember that in today's economy, with the speed of communication, speed of change, and other such factors involved in the way business is done these days, conditions only take hours or days to make changes that used to take weeks, months, or even years. Stock moves that used to take months often happen in minutes now. Alan Greenspan needs to remember that he is skating on thinner ice than ever, especially with these internet stocks at the prices they are, and one false move can tank the whole market and economy before you can say "Oops!" I understand his desire to avoid letting a bubble develop and get so big that it pops, and I understand his well founded concern about the wealth effect. But if he overdoes it with these interest rate increases, he can tank the market and quickly bring on the very downturn he is working so hard to avoid.
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