Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (893)	10/15/1998 6:45:00 PM
From: Freedom Fighter	Read Replies (1) of 1722

>>[Can a 1/4 point rate cut restore restore a financial system to health via placebo effect? Would a 1/4 point rate cut in Germany have 10 times the curative effect as one in Brazil?]<< It depends on how great the excesses are and how much of the truth we are being told about the status of the daisy chain of trillions of dollars of derivatives. We know the excesses are the greatest of all time by simply observing that everything in sight is being bailed out because not doing so would melt down the system. Even the Fed admitted that in its defense of the LTC strongarm deal. And the BIS has said that we were on the edge of a total meltdown twice in the last year. My guess is that a placebo can't cure this one. It's going to take more than interest rate cuts also. It's going to take luck, a lot of lying, and possibly divine intervention.

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