Greenspan IQ query

Enrique Diaz-Alvarez enrique at
Wed Apr 5 14:24:17 PDT 2000

Rakesh Bhandari wrote:

> It does come down to quantitites, so how much can profitability be

Thanks for posting the speech. The fact that Greenspan can talk at length about the US economy, asset prices, etc. without *once* mentioning the explosion in household and corporate debt relative to, respectively, income and earnings, is astounding. He may be a mediocrity, but the head of the Fed cannot possibly be *that* stupid, can he? Anybody with inside information out there?

-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at Ithaca, NY 14853

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