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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Agamemnon who wrote (109596)6/21/2001 10:33:35 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
That post was worthless, just another tirade against BubbleBoy for "bursting the bubble"....once bubbles are created (ie, from 1995-2000), they ALWAYS burst.

If he hadn't raised rates, oil would be at $50 by now, gasoline at $4 and the long bond at 10%

There ARE deflationary pressures apparent though, in certain sectors (like tech and most agricultural commodities). That is a byproduct of bubble collapse as well as the inherent disintermediating properties of tech.
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