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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sciAticA errAticA who wrote (54314)2/20/2006 4:49:31 PM
From: patron_anejo_por_favor   of 110194
 
>>Volcker rolled up his sleeves to manage the money spigots while letting the interest rates rise north of 20%. He later expressed regret that he did not control the price of gold.<<

Raising rates to 20% didn't "control" the price of gold? ROTFL, it only collapsed from 850 to 250 over the subsequent 20 years.....Volker did fine, but it's about 10 years too late for the same thing to work this time.
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