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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (52104)8/31/2002 6:39:54 PM
From: NOW  Read Replies (2) of 209892
 
From Richard Russel:
"With the massive amount of debt now built into every corner of the US economy, the Fed will not accept deflation. The Fed will do anything they can to ward off deflation. If it takes more money supply, they'll do it. If it takes another drop in short rates, the Fed will do it. If it takes monetizing foreign debt or corporate bonds or God knows what, the Fed will do it.

Write this down on your bathroom mirror -- THE FED WILL DO ANYTHING TO AVOID DEFLATION.

So far, the Fed is depending on the US consumer to "keep things going." Homes and cars are being financed with just the thinnest of down-payments. Banks are practically begging consumers to take out loans. "Nothing down" is the watchword of the day. The Fed wants you to keep buying. "
Dowtheoryletters.com
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