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Strategies & Market Trends : P&S and STO Death Blow's

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To: t2 who wrote (20153)12/15/2002 1:02:27 PM
From: mishedlo  Read Replies (1) of 30712
 
You really think the FED/government officials are totally ignorant of this happening? I believe they know exactly what is going on...even if by chance they did not a few years ago, they do know now.

And precicely what the F are they doing about it?
Precicely the wrong FN thing.
Encouraging more debt.
Encouraging more PRODUCTION.
That is STUPID.
We have oversupply and our stupid govt wants to expand capital investment. What will that do except INCREASE CAPACITY.
They have taken this road for years, now there is hell to pay. We should have paid the price several years ago. But no, they bail out LTCM, pump fuel for a nonsense Y2K scare that was totally absurd. Lower interest rates in the late 90's cause they were TOTAL morons. Pump so much liquidity everywhere with nowhere to go encouraging Totally stupid loand to Brazil and Argentina. Fueling a moronic credit bubble in the US.

Actually they are scared sh*tless now, IF they have any brains. I am not sure they are as smart as you think.

They sure have a track record of being total dumb asses.

M
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