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To: Carol M. Morse who wrote (1100)11/14/1999 4:24:00 PM
From: William L. Oppenheim  Respond to of 1390
 
Although a short term issue, rate hikes may be helpful right now. Sooner or later the bubble will burst. When it does, we will need liquidity and lower interest rates.
When everyone is feeling wealthy may not be such a bad time to take the forward looking medicine of a rate hike. It may even be applauded by Wall Street.