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Looks like it just started to crash...
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Re: Market Crashing?
Never mind. False alarm. Markets just digesting Greenspan's latest nonsense.Originally posted by OnPoint View PostLooks like it just started to crash...
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Re: Market Crashing?
Crash!! Strong word for almost no downward movement in the markets.Originally posted by OnPoint View Post
What did Greenspand say now?Jim 69 y/o
"...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)
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Good judgement comes from experience; experience comes from bad judgement. Unknown.Comment
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Re: what did greenspam say?
He said don't panic.:rolleyes:
WASHINGTON (MarketWatch) -- The good news: Investors shouldn't worry about Chinese or other foreign investors dumping their holdings of U.S. Treasuries and other dollar assets, former Federal Reserve Chairman Alan Greenspan told a mortgage securities industry group Tuesday, according to media reports. The bad news: They won't sell because they won't find many buyers. Greenspan also said the global liquidity glut of the past 15 years won't last forever, so investors should enjoy it while lasts. Interest rates will rise once the liquidity dries up, he said. The rapid growth rate in the developing world, including China, likewise cannot be sustained. Interest rates could be heading higher in the short term, he said.Comment
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