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

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To: Earlie who wrote (57202)1/11/2001 4:21:10 PM
From: NOW  Read Replies (1) of 436258
 
Earlie: seems Kasriel has the same idea as you in your lengthy post: he even hasa time frame: Oh the agony of 6 months more waiting...
"But there will come a period, perhaps as early as the second half of this year, when increases in the prices of goods and services will start to rise at a rate that will not allow Greenspan to print money fast enough to keep asset prices inflating, too. Then you are going to see households want to increase their saving a lot and the Fed fathom just how fast and by how much it will have to cut interest rates. The Japanese might then say to us: "Welcome to our world."
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