Das stimmt. Greenspan wird eine echte Rezession auch nicht abwenden können. Das stimmt auch.
Wußtet Ihr schon, daß AG einer Dame so einen Heiratsantrag gemacht hat, daß sie überhaupt nicht verstanden hat, worum es geht?
Zur Sache - leider auf englisch:
"The rate cuts obviously had their true cause in nothing
but full-fledged panic on the part of Mr. Greenspan and the
Wall Street elite..." concludes Dr. Richebacher.
Three years later, Mr. Greenspan can be counted on to do as
he has always done. He will lower rates. But it is a
different world. Consumers are far more deeply in debt than
they were in '98. They own less of their homes. Oil is more
than twice as expensive. The inflation rate is more than
twice as high as it was in '98. Mortgage rates are still
more than 50 basis points higher. Real incomes are growing
at 2.7% rather than 4.6%. The saving rate is already
negative; it was still over 3% in '98. And the Wilshire
5000 stock index fell 12% last year rather than rising 21%
as it did in 1998.
Consumers may want to accommodate the Fed chairman...but
thanks to his previous rate cuts, they may be unable to
afford it this time.
That thought must cross Mr. Greenspan's mind too - when he
is alone in his tub, with his bubbles.
