Replies to post #246488 on Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

i think he made a mistake by hiking rates in june 2000. there was no need whatsoever, IMO. otherwise, i think he's done very well.

[cy esp]

Zeev, any projection on the market direction for the last 45 minutes?
tia - cy

[Joe Stocks]

Zeev, AG's choices have only prolonged and expanded the imbalances that we have in our system. Greenspan's answer to high debt levels was even higher debt levels. It's like you kid a has a problem with charge cards and you keep rasing his limit to try to work things out. The 2000 recession should have been deeper for the huge excesses that we had. Right now AG sees the only solution is to inflate our way out. So, what the market didn't take away we will lose from higher inflation. Good luck to those reaching retirement thinking they had enough set aside. Many think their home equity will get them through. Think again.

[westpacific]

Ramping the money supply by 1TRILLION

You call this the right thing!

Massive inflation across all sectors, you call this the right thing.

Rewarding debt hounds and killing savers, you call this the right thing.

Non sound money management, you call this the right thing.

The biggest inflationist in the history of the world, you call this the right thing.

Derivatives now at 197 Trillion, Consumer Debt at all time highs, real estate prices soaring to levels that are not sound, prices of all commodities on a global scale skyrocketing including food, you call this the right thing.

UFB

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I think that AG was presented with very tough choices in the late 90's and did the right thing
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[Joe Stocks]

Zeev, Another thing about AG. He should be all over this program trading, but we do not hear a peep. It's not good having 50% of the shares traded in the NYSE daily being controlled by a handful of large NYSE member banks. Last week for the 1.62bil shares that were traded on average every day, 15 banks accounted for 91% of all those shares traded. The top four banks accounted for 53%. This is an area just ripe for corruption.