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To: Zeev Hed who wrote (6828)	11/2/1997 12:54:00 PM
From: Mike M2	Read Replies (1) of 18056

Zeev, I disagree with your comments on the '29 crash. I have heard the argument before that the Fed was too tight after the crash but the real problem was money was too loose for too long this is what created the stk mkt bubble prior to the crash. At the risk of sounding like a wacko, I believe the odds of a global depression have never been greater.Contrary to what Wall St would like us to believe the US will not be immune to the problems in SE Asia. I will expand of this note later tonight. Mike

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