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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (242712)5/28/2003 7:16:52 AM
From: MythMan  Read Replies (1) of 436258
 
>>As with all economic policies, it pays to inspect what they actually look like in real life. In the case of the Fed's easy money, it has meant a deluge of 0% auto loans clogging up Ford (F:NYSE) and GM's (GM:NYSE) balance sheets, a bubbly real estate sector -- the Mortgage Bankers Association now predicts $3 trillion of mortgages will be written this year, up $500 billion from last year -- and a woefully overvalued stock market that keeps going higher. Central bankers in this country used to be terrified by that sort of thing. They still are in Europe.<<

HA HA HA HA that clown needs to be fired.
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