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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Czechsinthemail who wrote (3193)1/29/2001 3:27:54 PM
From: John Pitera   of 33421
 
Baird, Greenspan and O'Neil definitely do not want the USD in a freefall, I do like Yorikkie's idea that AG
realizes that running to big of a surplus and paying down all of the US Debt, would have some deflationary
implications.

Clinton was always fond of saying that the Govt would be paying down the debt and it would be the first time
since 1835 or 1837, what he probably does know is that there was an economic depression which started in
1837 , which was one of the worst of the 19th century. The govt contraction of credit and the Problems with
the forerunner of the Central bank undoubtedly were major contributors to the severity of the Depression.

John
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