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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (49385)3/1/1999 7:47:00 PM
From: valueminded  Read Replies (1) of 132070
 
Mike:

If the Fed is adding reserves at between 4-8billion per week, and the multiplier is about 10:1, that means we are getting about 40-80 billion a week in new money. Certainly enough to keep this going.

Also, despite rhetoric to the contrary, I believe the FED is very interested in keeping this rally going and will do anything it can to
prolong it - including reduce rates to stop a tanking market. You must already realize this as their actions speak far louder than their words. jmho

What do you think ? ?
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