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To: Lucretius who wrote (18329)6/23/1999 6:45:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 99985
 
Luc, see my response to Benkea: no emergency equals gradualism. remember that the three cuts last fall were not aimed at the stock market (that was the unintended side effect) but designed to avoid a credit crunch. i still remember JP Morgan predicting a *recession* for '99...<g>

regards,

hb