Skepticism from Warren Buffett, the country's most legendary investor, has also had little effect. So Greenspan faces two dangers. The first is that what the Fed is doing may not work. If there is a speculative frenzy, it might continue unabated with unpredictable consequences. Then the economy and market might spiral down just as they have spiraled up.
Stocks drop, paper wealth vanishes, consumer spending slumps.
Doesn't sound good. There's not much room for error. Greenspan is running a very delicate experiment. News Jobs AP Shopping Archives Entertain.