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*There was no doubt that the raising or lowering of
interest rates worked with a lag,having an impact on the economy as much as a year or more later.
Alan
Greenspan
Federal
Reserve Chairman 1987-2005
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*The Fed was always 180 degrees wrong-meaning that
they raised rates too late,when the economy had already turned down,or they lowered rates when the economy had already turned
back up.He argued that the average lag was about half a business cycle.
Milton
Friedman
Nobel Prize Winning economist
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Industries |

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-How To
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Country In
Two Years?!
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About The World Trade Organization (WTO)
Example(1)
-Started as Software Development Company in
1995.
-Sept. 1996 changed to LumaNet,and reinvented
itself as an Internet Technology Company focusing on e-commerce.
-June 1997 the Company switched to Riviera
International Casinos to operate gambling ship in Florida.
-Feb. 1998 the business announced a new subsidiary
called Convenience Concepts that would acquire convenience stores in Texas and Florida.
-In May 1998 the Software Company turned Internet
Tech turned river-boat operator turned Convenience Store Owner was being reborn as Mountain Energy acquired assets that contained
some $200 million worth of oil and gas.
-In July 1998 The Security & Exchange Commission
had suspended trading in Mountain Energy's Stock,citing concerns about the accuracy of the company's press release..
********
Example(2)
Our example is well known company
in too many Cities.Their initial offering shares price jumped from $20 to $48 on the first day,Nov. 8th.,1993.In less
han six years later,the stock was trading for less than $1 a share..
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Example (3)
In 1995/96 a Mclean,Virginia,company called (~~) produced
a flood of press releases.The news announcement championed the company's line of high tech video-teleconferencing products,and
reported that there was strong demand for its devices.(~~) became an online message boards favorite and widely recommended
as a run away success.(~~) found the ear of Wall Street insiders to promote (~~) as a stock pick in its online newsletter.Things
seemed to be well for the (~~) in Sec press releases.But on Oct.8th,1996,investigators who had been cheering received a set
back:The SEC suspended trading in the (~~) company's stock and launched investigation into some of the company's claims.After
a quite back to back the SEC filed lawsuit against (~~) company alleging securities fraud.On March 7th.,1997,(~~) company
filed for bankruptcy protection..
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