| About 15 years ago, in the US, we had a
| |
| | unemployment was fair, and other
|
| real estate bubble burst. First, or
| |
| | ambiguous terms were bantered around.
|
| among the causes, the federal reserve
| |
| | Houses were being sold at
|
| board and Alan Greenspan [neither have
| |
| | Decent prices and interest rates were
|
| any sense according to my values] both
| |
| | not too bad.WHEN Mr. G said she he said,
|
| said that interest rates had to climb
| |
| | the next day, the NYSE dropped about 150
|
| because the economy was TOO HOT!I was a
| |
| | points. People who cared about what he
|
| faculty member in a business college and
| |
| | said, got scared and started
|
| I asked my associates both locally and
| |
| | philosophically jumping out
|
| Nationwide--what is Greenspan and the
| |
| | Of tall building windows.Chicken Little
|
| fed talking about? What is too hot?
| |
| | was running the FED; oh my God, if
|
| NOT one expect for an economist, had a
| |
| | business picks up another 5%, we are
|
| clue. Businesses were doing fairly good,
| |
| | All doomed.
|
