Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (3086)	4/18/2001 1:20:21 PM
From: pezz	of 74559

Leave it to a bear married to his opinion to try and find something negative in this rate cut. AG is betting on productivity to keep inflation a non event.[as it has for the last 10 years] What he is worried about is a Japan like response to the bubble bursting. Thus he cuts fast and deep. <<What you want to see is stable and steady economic growth. >> Yeah, well that would be nice but easier said from the sidelines than done in reality. <<the US economy this has been achieved when the Federal Reserve has done little.>> Well perhaps the FED did little because the economy was steady........Ever think'o that? Having engineered a ten year expansion that was relatively steady I can't see how you can say he has screwed up atall....His up and down interest rates have done just fine ......relatively speaking.

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