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To: John Hunt who wrote (16797)	10/20/1998 8:01:00 AM
From: John Hunt	Read Replies (1) of 18056

Printing Money Can't Beat this Deflationary Dilemma gold-eagle.com << There exists a universal complacency that the Federal Reserve Bank can save our economy from catching the spreading Asian contagion, thereby allowing us to avoid the severe problems of deflation. Economist after economist are telling viewers on CNBC that there can be no deflation as long as the Fed continues to cut rates, and expand the money supply. Multiple stock market strategists follow who say that the stock market should not decline further as long as interest rates are being cut. In our opinion, reducing interest rates won't save us from the deflationary problems that our global economy is now having. >>

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