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Pastimes : All Clowns Must Be Destroyed

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To: yard_man who wrote (14609)3/4/2000 10:39:00 PM
From: KeepItSimple  Read Replies (1) of 42523
 
Have you noticed greenspan has been injecting billions of dollars in liquidity every single day (except two) this year? And the days he didnt inject, the market fell sharply? I think bubble-boy knows exactly what he is doing. If he doesnt keep printing, the world's economy will collapse. The ONLY way for the fed to get out of this mess without having their powers revoked (like they almost were in 1929) is to sit back, do NOTHING, and blame the crash on some outside event. If they were to raise rates agressively or hike margin rates, and the market immediately crashed, people would see a cause and effect and tear down the fed. As long as it appears to be something other than their direct action, the fed has a chance of keeping their powers. (and their incredible profits, too)

It takes an ever increasing flow to sustain the virtuous circle -- it will continue until it doesn't -- and when it doesn't
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