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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: david barr who wrote (31628)2/21/2001 9:36:14 PM
From: KyrosL  Read Replies (1) of 65232
 
David, I don't pretend to know what causes depressions. But I do believe that delaying or speeding up a short term rate cut by a few weeks or months is definitely not it. Did you notice that long term interest rates actually went up since the Fed cut? I think they affect the economy more than short term rates do. They go up when the bond vigilantes feel uneasy about US inflation, or the dollar.
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