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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (31606)5/8/2000 10:31:00 AM
From: Mike M2  Read Replies (2) of 42523
 
Heinz, In addition, in the 80s Japan had current account surplus, gov't budget surplus - for real not a Clinton surplus, high personal savings rate all of which enabled Japan to lower rates to near zero in an attempt to stimulate their economy. Does anyone think the US will be in a position to lower interest rates to near zero? HO HO HO Margin Mike mentions unhealthy banking I wonder how the money center banks will fare during a derivatives blow up- not to worry the derivatives markets are not hampered by excess gov't regulation thanks to AG and Bob Rubin fighting off attempts to obtain more disclosure. The banks are hedged - well a hedge is only effective if the counter- party remains solvent. the more violent the move the greater the possibility of counter party insolvency. American style crony capitalism purportedly manages risk more efficiently perhaps we are better at ignoring risk! Have I mentioned tough love and economic violence? HO HO HO Mike
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