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Non-Tech : C (Citigroup)
C 101.61+0.4%9:30 AM EST

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To: JakeStraw who wrote (168)9/10/2002 8:01:39 AM
From: D.Austin  Read Replies (1) of 259
 
Yes Jake,if I remember right Citi got down in the 3's in the early 80's..
I believe now more than ever that you and I
and every other schmuck out there is the last source of
coffer building the elitist's have..
When the global disaster is over and rebuilding has begun.
WHO will have the cash?
WHO is paying for the message we hear?

"The people running the world's central banks and those responsible for economic
policy should take the signs much more seriously,"

"If we don't get this right, we face a second leg of recession, a double-dip, combining with deflation."

argues Norbert Walter, chief economist for Deutsche Bank.

The world last experienced deflation on a serious scale during the Great Depression of the 1930s. It is a condition when prices start falling, investors stop investing and companies and individuals still committed to paying off old loans go bankrupt because lower prices and lower wages give them no money to repay.

washtimes.com
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