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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (88106)1/8/2001 9:29:00 PM
From: Shane M  Read Replies (1) of 132070
 
But, even more so, that nasty chart of Fed rate cuts during the early 1930s that Mike Magner posted is a real wake up call.

Michael,

Margin played a major part in inflating the market in 1929, and margin calls created the whiplash. Do you see a similar analagous factor at work in today's market?

Shane
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