Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (20855)	5/2/2004 8:23:04 PM
From: siempre	Read Replies (1) of 81222

this so-called economic recovery is clearly an economic mirage, based on an easy-money credit bubble which dwarfs all previous credit bubbles....yeah, the mother of all credit bubbles.... an appropos commentary from The Contrary Investor.... "...isn't it fairly obvious that one of the most levered economic environments in history would hit a growth rate brick wall if interest rates were to rise meaningfully? An economy that has become addicted to credit isn't going to run even faster when the dosage of its primary stimulant has been reduced. Even as the Fed eventually reacts to where the market is obviously leading it at the moment, will we ultimately witness yet another of history's aborted Fed Funds tightening cycles? Or will it be something a bit worse? Of course only time will tell, but history suggests that meaningful tightening in the current environment of real economic slack relative to historical experience will stop economic growth dead in its tracks." the entire article....The Character of Slack... gold-eagle.com

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