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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Pancho Villa who wrote (8465)5/6/1998 11:18:00 AM
From: Oeconomicus  Read Replies (1) of 18691
 
i think the consequences of doing this would be worse than raising rates.

Why? They don't want to stall the whole economy, just take out the excesses. The biggest excess is "asset inflation", "irrational exuberance", whatever. If they can let some air out of the bubble, perhaps they won't have to do more. Consider it a targeted strike intended to avert an all out war.

Bob

PS: Do Mexicans go out for burgers and Budweisers on the 4th of July?
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