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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (6679)10/16/2007 2:49:17 PM
From: carranza2   of 50747
 
He holds tight.

Inflation is under control.

The subprime/credit mess is being worked out through the private banks. He has told them to get their act together, and they've responded. Bernie knows that the medicine must be taken because he is anticipating stern words and threat of action from the foreign central banks should he cut again. A standing pat on interest rates is his way of preempting and showing that he is listening to his foreign counterparts, who are holding a lot of our markers.

He's a smart guy. Steps ahead.

What do you think, SOTB?
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