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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: pater tenebrarum who wrote (35723)12/22/1999 10:34:00 AM
From: Cathedra  Read Replies (1) of 99985
 
<why should a handful of essentially unaccountable bureaucrats determine what the 'correct' interest rate for money is? we would be better off if this were left to the markets.>

But the bond market has been doing that. I think that Uncle Al has in fact been relegating his rate-setting authority to the bond market. Not out of any free market instinct, but to set the bond market up as the scapegoat for the stock market collapse.
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