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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right?
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To: GlobalMarine who wrote (138)9/9/1998 8:45:00 PM
From: Tommaso  Read Replies (1) of 259
 
There are enough irrationalities to deal with without injecting ideas such as that the Federal Reserve does anything to control the equity markets directly. Their powers are great but do not include that.

Central bankers are among the most conservative of human beings and are hardly likely to risk prison terms by resorting to the incredible subterfuges that would be needed to exceed their authority in that way. For that kind of self-assured and arrogant presumption you need an Oliver North, not an Alan Greenspan.
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