Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Tommy Dorsey who wrote (7665)	5/4/2000 8:54:00 AM
From: JDN	Read Replies (1) of 9427

Dear Tommy: Yes, I know you are right about the expanding money supply, but with the economy expanding what else can they do? A return to tight money would IMHO spell a MAJOR recession if not worse in this country and is totally uncalled for. I also know that tight labor market is true, but you know many other countries have had that. Take Germany for instance, they have in the past imported HUGE quanties of labor from other countries. Why dont we? I never have liked these barriers to free movement of peoples to begin with. If everyone in this country who wants a job has one, whats the beef with loosening up the visas for workers? I am sorry, but I just dont think raising interest rates is the answer, many innocent people are getting killed by this such as the farmers. Interest, like anything else, is a cost of doing business, if ours are highest we are at a competitive disadvantage for exporting and that brings us to the imbalance of trade problem. Plus, to be honest, I AM SICK AND TIRED of hearing about interest rates. JDN

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