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Politics : Ask Michael Burke
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To: valueminded who wrote (49398)3/1/1999 9:57:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Chris, That the Fed wants to keep the market up is not in any doubt. I don't think $40-80 billion of new money, much of which does not go into the market, can do it now. You need geometric credit growth and we've been at this level too long.

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