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Pastimes : Discussion Thread

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To: DMaA who wrote (1643)8/12/2008 4:27:57 PM
From: c.hinton  Read Replies (3) of 3816
 
wrong dma, you have the feds role backwards...
funny how history repeats itself.

too much liquidity and too low interest rates were the direct cause of the run up that lead to the crash.

ps those low rates were granted as a favor to the UK that was suffering from an out flow of gold attracted by higher rates in america.

the history books from school dont allways get it right.....

go to page 176

books.google.com
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