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

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To: JRI who wrote (80032)3/14/2001 9:20:16 AM
From: Mike M2  Read Replies (2) of 436258
 
JRI, students of Austrian economics recognize that at some point the imbalances and excesses become so great and balances sheets so strained that a retrenchment is unavoidable and monetary ease will be ineffective. I suspect we are very near that point but cannot rule out one last big hurrah after a desperate 100 basis point cut- preferably a surprise before an options expiration -g- Mike
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