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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (202389)11/5/2002 5:29:29 PM
From: James F. Hopkins  Read Replies (1) of 436258
 
Sir Cutsalot Spam Must Cut Rates and here is why
biz.yahoo.com
I'll write this in Stone

Look at the open market action..
The Fed funds were trading .9 Below the Fed Target
when he injected the money.
Now open market injections are supposed to be used
to drive rates down to the target, and the draining
of reserves to lift rates up to target.

No other use of the open market add/drain
spigot can ever be justified unless he plans
to change rates within the window, ( in this case
2 days ) IF THE FED fails to cut rates after injecting
AND when Fed funds were already below target, IT WOULD
AMOUNT to an ACT OF TREASON; and he should be
dealt with just like anyone else who commits Treason.
The rate cut is a done deal, or we have hard evidence
of a turn coat who is deliberatly undermining the U.S.
at the helm of the Fed.
Jim
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