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Pastimes : Where the GIT's are going

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To: Lazarus_Long who wrote (154218)	11/8/2007 6:03:41 PM
From: Augustus Gloop	Read Replies (1) of 225578

I discussed other options to a fed cut to avoid inflation and dollar issues. I was ridiculed for wanting bigger Government. Thats not the case. We needed to avoid the above two pitfalls AND we need the impact to be now - not 9 months from now which is how long it takes rates cuts to trickle in. I was right and will be proven right in months to come. The way we rallied back today concerns me that we may get some sort of fed action before open tomorrow. This country has lost its capacity to act - now we only react and by then its too late

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