Steve Einhorn This is Me

 Web References

1. 1. PrudentBear.com - The One-Stop Shop for the Bear Case

   www.prudentbear.com/archive_co - [Cached]

   Published on: 3/30/2004   Last Visited: 7/15/2004

   We had what Steve [Einhorn] referred to as the Fed's open mouth policy. Not only running very low interest rates, but every other day some Fed official was quoted promising low interest rates for an extended period. So, the Fed was on your side. And government tax policy had become probably the most favorable toward equity ownership that we're going to have in our lifetimes...But last year, all government policies were geared toward favoring equity ownership."
   
   In the same interview, Cooperman's strategist, Steve Einhorn, explicitly points to Greenspan's deliberate re-ignition of a series of new asset bubbles to deal with the fall-out of the collapse of the high tech bubble of the late 1990s. This approach to monetary policy has been a hallmark of the Greenspan Fed.
   ...
   Steve Einhorn himself is more direct about the Fed's intentional generation of mini-bubbles. He notes:

2. 2. PrudentBear.com - The One-Stop Shop for the Bear Case

   www.prudentbearfund.com/archiv - [Cached]

   Published on: 3/30/2004   Last Visited: 9/24/2004

   We had what Steve [Einhorn] referred to as the Fed's open mouth policy. Not only running very low interest rates, but every other day some Fed official was quoted promising low interest rates for an extended period. So, the Fed was on your side. And government tax policy had become probably the most favorable toward equity ownership that we're going to have in our lifetimes...But last year, all government policies were geared toward favoring equity ownership."
   
   In the same interview, Cooperman's strategist, Steve Einhorn, explicitly points to Greenspan's deliberate re-ignition of a series of new asset bubbles to deal with the fall-out of the collapse of the high tech bubble of the late 1990s. This approach to monetary policy has been a hallmark of the Greenspan Fed.
   ...
   Steve Einhorn himself is more direct about the Fed's intentional generation of mini-bubbles. He notes:

3. 3. PrudentBear.com - The One-Stop Shop for the Bear Case

   www.pru-bear.com/archive_comm_ - [Cached]

   Published on: 3/30/2004   Last Visited: 9/1/2004

   We had what Steve [Einhorn] referred to as the Fed's open mouth policy. Not only running very low interest rates, but every other day some Fed official was quoted promising low interest rates for an extended period. So, the Fed was on your side. And government tax policy had become probably the most favorable toward equity ownership that we're going to have in our lifetimes...But last year, all government policies were geared toward favoring equity ownership."
   
   In the same interview, Cooperman's strategist, Steve Einhorn, explicitly points to Greenspan's deliberate re-ignition of a series of new asset bubbles to deal with the fall-out of the collapse of the high tech bubble of the late 1990s. This approach to monetary policy has been a hallmark of the Greenspan Fed.
   ...
   Steve Einhorn himself is more direct about the Fed's intentional generation of mini-bubbles. He notes: