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Pastimes : Preventing global economic collapse - what we can do
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To: Gary105 who wrote (10)9/4/1998 7:57:00 AM
From: Rande Is  Read Replies (1) of 13
 
Malaysia up 16 percent last night. My point about Fed is that leaving hands-off we get a recession. No inflation, jobless rate goes up...ball balances on hill top.

Getting involved in "lowering" rates sets the ball rolling down hill. Prices drop, consumer confidence wanes, jobless rate soars as companies scramble to show earnings. Depression is nothing more than a recession that has gotten worse.

Reagan said, "when it affects your neighbor, it is a recession...when it affects you, it is a depression.

Rande Is
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