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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tommaso who wrote (120246)9/9/2001 10:12:59 PM
From: LLCF  Read Replies (1) of 436258
 
<I don't think the Fed will take rates to zero. Do you? Really? >

I do... Japan did and all the talking heads over here [including GreenJeans] have been abusing them for not being loose enough. The dollar will be sacraficed in a nano-second. GOT GOLD?

Never mind... I see this from your own post, pounding the table, in effect on the yellow dog:

<They don't want another Great Depression. if we were still on a gold standard, a huge deflationary depression would be inevitable, because the gold standard would limit monetary creation. But the Fed can create credit without limit and has pretty much been doing so for the last six months.>

DAK
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