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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: calgal who wrote (22884)8/20/2002 4:56:08 AM
From: Snowshoe  Read Replies (1) of 74559
 
The Fed laid an egg yesterday," a corporate economist commented last Wednesday after the Federal Reserve's decision to leave interest rates unchanged.

What the hell did he expect the Fed to do? What can they do? Another cut won't help those who aren't credit worthy. But it does hurt savers who get less income for their investments.
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