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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: fedhead who wrote (17760)9/12/2000 8:10:59 PM
From: IceShark  Read Replies (1) of 436258
 
Cash on the sidelines can scurry into deep holes for a long time, and stay there. You ever heard of CDs - I know they are nearly extinct now. -g- Or all the debt outstanding could soak it up as people batten down.

I'm not so sure if an interest rate cut wouldn't cause more problems than it would solve, ClownBuck value among them. The surprise cuts were more directed at catching the market offguard to help bail out LTCM's positions and give the backers some extra free money to do so.
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