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Politics : Formerly About Advanced Micro Devices
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To: Bill Jackson who wrote (106129)4/16/2000 8:07:00 PM
From: Daniel Schuh  Read Replies (1) of 1573853
 
Bill, re: 50% margin, that's what I thought, that 50% margin requirement was universal in the US, after 1929 and the establishment of the SEC and everything.

Somewhat related, there was an article in the NYT last Sunday, that drew an ominous parallel between the run up in margin debt in 1929 and now. On thing that's different, though, is the money supply. As in 1987, the Fed will open the floodgates if things get out of hand. Worked pretty well in '87, we'll see what happens now.

Cheers, Dan.
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