Word: greeenspan
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...Greeenspan finds himself making emergency rate-cuts this winter to soften the slowdown that he himself started, it may be hard for him to deny an incoming Republican president his pet project, as long as Bush is both sensible and polite about it. After putting Clinton (and himself) in the Fiscal Policy Hall of Fame, though, he's not going to rubber-stamp a tax cut because George Bush's son asks him to, even if young George sends mutual friends to do the asking. Greenspan has a legacy of his own to worry about...
...side, though, that stuff is still catnip for Alan Greeenspan, and lower interest rates is what America's big companies crave. So as the economy slows down - without screeching to a halt, of course - blue-chip investors like their chances for a bullish winter and spring, and Dow 13,000 has been bandied about rather credibly lately...
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