Quote:
Originally posted by Astrocloud
Kid, you really take the cake. First of all -YOU ARE THE ONE ESPOUSING THAT GREENSPAN SAYS THIS OR GREENSPAN SAYS THAT. WHY DON'T YOU BACK UP WHAT YOU HAVE TO SAY WITH QUOTES RATHER THAN HAVING OTHERS FIGURE OUT WHICH COMMENTS YOU ARE DIRECTLY REFERRING TO AND WHICH YOU ARE NOT.
THE "LATEST" FEDERAL RESERVE BOARD PRESS RELEASE says this:
http://www.federalreserve.gov/boardd...2003/20030916/
Roughly equal risks is far from the rosey picture that you paint.
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First off I am not a kid. But that’s okay since it’s obvious you have a need to discount my opinions without actually discussing the facts, if you addressing me in this manner helps you to more easily disregard my points, well good for you. As to you having an issue with me pointing you to the source of the quote rather than cutting and pasting it, you’re the one that wanted it. I didn’t have time at that moment to find the link. I’m not sure why you had a problem with finding it yourself as the quote you just posted was the paragraph DIRECTLY beneath the paragraph I quoted.
Now, as to your belief that the statement about roughly equal upside and downside risks not painting a rosy picture, the risks say absolutely nothing about current or future performance. They only speak about the possibility of change from current levels. Is the upside risk 50% and the downside risk 50%? Is the upside .0001% and the downside .0001%? They are both equal but have vastly different meanings.
It’s interesting that you don’t comment on the other half dozen issues I mentioned. I guess you can’t find an article to quote.
And, so long as you’re here, I wanted to address your belief that living on an unpaved road equates to squalor. It’s especially interesting since your comments suddenly became “figurative” after asserting that the government handles road paving efficiently. When it was pointed out that the process is far from efficient, it became a figurative assertion. Further, I find the embracing of paved roads to be antithetical to most liberal ecologic opinion. As you may or may not be aware, road paving impacts the environment immensely. It reduces the surface area which is capable of absorbing precipitation, creates unnatural flows of water, promotes erosion in surrounding areas, and absorbs a considerable amount of heat throughout the day which raises the temperatures during the night in the immediate area. Throw in the environmental impact of asphalt production and the increased salinity due to road salt being used in the winter and you’ve got a pretty big negative thrown into the mix. But I digress, as that’s outside the realm of this topic (I did just want to point out that it was you who brought it up).