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WHY DO PEOPLE CARRY ON AS IF GREENSPAN HAS A CRYSTAL BALL?

Just what "superhuman" power does Federal Reserve Chairman Alan Greenspan possess?

How big and accurate is his crystal ball?

It seems that every time Mr. Greenspan predicts the rise or fall of interest rates, stockholders either cringe in fear or celebrate the possibility of profit.

Where does this man get his information and how accurate and dependable is it?

Is he really any more "gifted" in his knowledge of market value than any other good stockbroker, who can only speculate?

Mr. Greenspan is no more endowed with uncanny vision of the future regarding banking or finance than the chief executive officer of any large financialinstitution.

I think it would be much better to establish a nationwide committee of expert financialanalysts to predict the country's financial being.

Why should we have to take Mr. Greenspan's "guess" as "gospel"?

Peter R. Piccillo Buffalo

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