Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (3169)	7/24/2002 7:33:50 PM
From: SOROS	Read Replies (2) of 89467

Someone's thoughts: "Last summer the Fed pumped for 2 1/2 months to no avail. Then after September 11 they opened the flood gates. It took another two weeks for the market to turn. This summer looks like a replay. Al's been feeding for two months, all for naught. Expect the floodgates to open any day now. This time the catalyst won't be a terrorist strike. This time it will be financial chaos. The problem now is that the Feeding tubes, i.e. the Gang of 22 primary dealers, are almost certainly themselves impaired. We are in a dangerous and unpredictable situation."

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