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Pastimes : Ask Mohan about the Market
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To: Mike M2 who wrote (11063)12/11/1997 8:40:00 PM
From: Tommaso  Read Replies (3) of 18056
 
Of course you are right, and one wonders if Greenspan realizes that he may be setting up a replay of the 1920s.

It loooks to me as if the Fed may be trying to anticipate a market collapse and if they are not careful they will just make it much worse than it would have been.

Instead of jawboning publicly a year ago Greenspan should have raised margin rates to 75% from 50%/ That would have proved he meant busness.

Now, everything is being allowed to happen with little control.
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