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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (81153)3/15/2001 7:44:59 PM
From: Sam Sara  Read Replies (2) of 436258
 
Heinz, you have probably addressed this in past, but did the fed not drop rates repeatedly in the aftermath of the 29 crash?

Was this action too little too late, or is further decline now inevitable, even if rates drop- argument of weakening dollar, foreign investment leaving dollar-denominated assets?

Was there a parallel in 1929?
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