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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (39695)	11/21/2000 1:50:06 PM
From: pater tenebrarum	Read Replies (1) of 436258

CMGI chief stops short of uttering the 'b' word: nwfusion.com <<He said the downturn is "a different type of millennium bug," one caused by the government injecting additional money into the banking system out of concern for a run on banks in wake of possible Y2K computer failures. "The real Y2K bug ended up being the government trying to prevent a run on the banks," he said. The increased liquidity gave venture capitalists more money to fund new companies, and market valuations of companies associated with the Internet reinforced the moves, he said.He said the downturn is "a different type of millennium bug," one caused by the government injecting additional money into the banking system out of concern for a run on banks in wake of possible Y2K computer failures. "The real Y2K bug ended up being the government trying to prevent a run on the banks," he said. The increased liquidity gave venture capitalists more money to fund new companies, and market valuations of companies associated with the Internet reinforced the moves, he said.>> oh, but didn't various 'economists' tell us there was no connection between the Fed flooding the system with fresh green ones and the stock market b. ? -g-

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