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Pastimes : All Clowns Must Be Destroyed
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To: Activatecard who wrote (31500)5/5/2000 4:20:00 PM
From: Thomas M.  Read Replies (1) of 42523
 
If you are referring to Steven Nagourney, who was just talking about liquidity being removed, the key is that he kept referring to bank credit. As Doug Noland has been saying, this is a convenient way to completely miss the boat, because credit outside the banking sector is the major force in today's markets.

Tom
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