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Politics : Idea Of The Day
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To: James F. Hopkins who wrote (29890)12/2/1999 11:54:00 AM
From: JDinBaltimore  Read Replies (2) of 50167
 
Jim,

Very insightful. There is so much that we have heard over the last few years, and I like yourself have tried to play devil's advocate, and play down the hype. But, I tend to believe that there is a lot being played down, especially since it has the possibility to disrupt a world economy. If you take a look a the amount of liquidity the Federal Reserve has added over the last couple of weeks, one has to ask why in a free market system is the FED so concerned about maintaining the current market conditions. The smart money knows that as long as the FED keeps the spigots flowing full blast these markets are only going up. But the moment of truth is only a few weeks away, and we will all know what didn't work. Good Post.

Thanks
JDinBaltimore
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