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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 338.73+0.7%Dec 10 4:00 PM EST

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To: Justa Werkenstiff who started this subject9/25/2001 5:06:16 PM
From: Hank Stamper  Read Replies (1) of 10065
 
BB has said, ‘Greenspan can lower rates but no one can force companies to borrow for new industrial investment that could help drive a recovery.’

Yeah, but the government could place orders:
Lawmakers Lean Toward Large Short-Term Economic Stimulus Package
nytimes.com

This may very well help juice the current CTR. But the question is begged: how much will it stimulate and how long will it take?

What about the effect on bonds? Won't a big spending package make it harder for Greenspan to keep rates low? I guess he figures the rate of growth is so low or negative that he will not be hampered in his interest rate efforts.

I agree that the recent low is a candidate for the bear market bottom. I just thought when the first candidate appeared, I'd be a happy fellow. Instead, the circumstances are repugnant.

Ciao,
Hank Stamper
"never give a inch" Never.
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