The Dow Congress

Doug Henwood dhenwood at panix.com
Sat Jul 27 14:56:59 PDT 2002


Jacob Segal wrote:


>James K. Glassman

As Brad DeLong asked the other day, what is this guy doing walking around? He's the one who said the risk premium on stocks was preposterously high, since they're as sound as T-bills, so the righteous price on the Dow was 36,000 in 1999. Immediately, not in a few years or decades, like the more reasonable authors of Dow 40,000 and Dow 100,000. Now the idiot is blaming Congress for what his beloved stock market did. For soem people, four walls *are* three too many.

Doug



More information about the lbo-talk mailing list