Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: FR1 who wrote (26477)	3/8/2001 5:41:22 PM
From: sea_biscuit	Read Replies (1) of 27307

When you decide to raise interest rates real high and hold them there until you "crush the speculation" you also mess up the entire economy. I remember a few commentators saying this. Interest rate hikes are a blunt instrument and they can snuff out the economy, resulting in some guy working in a Montgomery Ward who has never invested (and probably has no spare cash to set aside for investing) losing his source of livelihood. The host of "MoneyTalk", Bob Brinker, has long argued in favor of increasing the margin requirements. The small investor has no reason to be borrowing money and playing in the stock market. Though there are other ways to borrow money (credit card, home equity loan etc.) still it would have helped if margin requirements had been raised. Why Greenspan felt that margin is something that the little guy can't do without, is a mystery.

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