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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (99791)5/4/2001 5:55:00 PM
From: NOW  Read Replies (3) of 436258
 
Where do they find these guys?
"Fed's Kelley cited several reasons for optimism about the economy. He said that banks were "ready, willing and able" to lend to businesses.

"Basically is credit is flowing and the monetary aggregates are rising at substantial rates, which would indicate to me that there is plenty of liquidity in the economy," he said.

"I do not see financial conditions in the credit markets as being a problem."

However, energy prices could pose a risk, he said.

"I have a concern that, if we get a surge in energy costs as some economists are predicting this summer, that could have a negative impact on consumer expenditure stream that could be harmful."
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