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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (82548)1/6/2000 10:17:00 AM
From: Mike M2  Read Replies (1) of 86076
 
Heinz, in 1937-8 the DJIA decline 50% but that doesn't count-g-. One of the triggers for this is the Fed tried to soak up excess reserves but the banks wanted to maintain that cushion after the TL & EV of the early 30s so credit contracted. mike ho ho ho
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