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["Lisa K.V. Perry" <lisakvperry AT gmail.com>]

On 7/21/06, Clansgian AT wmconnect.com <Gene wrote:

> > The eyes of the world are upon him. Like Greenspan, Bernanke knows that
> his words can move markets, so he is circumspect. Circumspection does not
> include untruth.


James said:

Your protasis is self evident, but the conclusion, while right, wants
> refining.  Bernanke can sneeze the wrong way and uninte ntionally affect
> broad markets and while circumspection cannot include out right mendacity,
> it cannot include the stark truth either.   <snip>
>
> Notice that Bernanke himself didn't say "soft landing".  He said
> "orderly". What does that mean?  It smacks of Greenspan's comment that the
> markets were "frothy".  "Orderly" sounds like the very sort of clucking,
> soothing sounds someone would say to keep people from panicking in a real
> emergency.
I vividly recall when Greenspan said the "frothy" comment. I  chuckled for
days afterwards every time I recalled it, I had a vision of a pot on the
stove boiling away, in a frothy state.  Or of a rabid dog,
foaming--frothy--at the mouth.  In fact, my mental image went further and I
saw Greenspan getting worked up testifying before Congress, and it was he
who was getting frothy at the mouth.

Not getting involved, but thoroughly enjoying your conversation.

Lisa