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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (201909)11/3/2002 6:46:49 PM
From: Lucretius  Read Replies (2) of 436258
 
raising rates (or never lowering them as much as we did in the first place) IS the correct move. but its not a move that will cause stocks to rally and the economy to strengthen.... it will, however, get the damage overwith without dragging it out and creating even more problems down the line (as Japan has done)... that is what gross was referring to. besides, he's a bond guy, he wants that sort of tough love to be handed out. it's very good for his bonds -g-

air hed wasn't suggesting that.. he thnks a hike will cause a rally and solve all our problems because it will change psychology suddenly in the market. ie- the market, like a bunch of retards, will suddenly believe that everything must actually be OK cause the brainiacs down at the fed are rasing... and the consumer will shrug his shoulders too and say "gee, the fed must think the economy is strengthening.. i'll go spend that money i don't have then cause the fed, well, they "know stuff"

LOL, its the most ridiculous thing i have ever heard
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