Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Telemarker who wrote (65555)	5/1/2000 3:47:00 PM
From: ItsAllCyclical	Read Replies (2) of 95453

No Fed Rate Hike needed argues Kudlow... cnbc.com The moral of this story is simply this. The rising stock market is indeed creating wealth, and that wealth is propelling capital investment and productivity higher and higher. With the production of more goods, and greater worker efficiency, inflation remains mute even while growth soars. All, of course, in the context of a steady dollar. For these reasons I believe the Fed should be leaving well enough alone. The level of the monetary base is crashing. All the excess money of the Y2K fourth quarter has already been removed from the economy. Enough is enough. If it ain't broke, don't fix it.

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