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AMZN 229.55+0.2%3:59 PM EST
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To: H James Morris who wrote (23963)10/31/1998 1:48:00 AM
From: Gary Walker  Read Replies (3) of 164684
 
The problem with junks is if we head towards a recession.

I heard an interesting comment about the 90 billion pool to support countries in trouble who cannot borrow. It gives overseas companies the necessary funds to resume trade with the west.

That will push the inflation in this country lower by relieving some of the wage pressure. However, it will reduce sharply increase our balance of payments deficit, replacing American made for foreign. Will it cause a recession???

gw
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