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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Zeev Hed who wrote (201910)11/3/2002 6:31:49 PM
From: Win-Lose-Draw  Read Replies (1) of 436258
 
imo greenspan tied his own hands, and long before Y2K. once he gave the signal that he was willing to print unlimited amounts of money we were doomed.

i doubt very much that raising rates would accomplish anything, but since we know from our own experience and from Japan's that endlessly cutting them is a dead-end, why not cut 'em?

at least we can have a little entertainment before it all goes sh-t.
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