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Strategies & Market Trends : Guidance and Visibility

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Dec 23 3:59 PM EST

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To: westpacific who wrote (77388)	10/12/2002 8:33:16 PM
From: westpacific	Read Replies (2) of 208838

Amid the current climate of market fear -- of credit-derivatives losses, withdrawn credit lines, and high-profile debt downgrades of some big financial institutions -- it could take just one large bank failure to fracture the financial system. And the Fed is keenly aware of that as it holds monetary policy steady, keeping its powder dry in case of such an emergency. Make no mistake: Greenspan, and his central bank brethren in other countries, are standing close vigil, ready to cut rates again should the need arise. businessweek.com This is what I have been talking about - and IMO it will happen - not if just when.

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