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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JDinBaltimore who wrote (29894)12/2/1999 2:03:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 50167
 
Hi JD; My thoughts are it may not take a huge disaster , but just
some things we haven't been told about taht take people by surprise.
I've heard that many people are canceling travel plans, and the
big Y2K parties are not selling the tickets they counted on.
With the market hitting all time highs and the FED feeding the
frenzy by adding liquid that we should know they plan to take back
after the first of the year, well what happens then ?
Jim



To: JDinBaltimore who wrote (29894)12/2/1999 2:07:00 PM
From: Lee  Read Replies (1) | Respond to of 50167
 
Hi JD,..Re:.one has to ask why in a free market system is the FED so concerned about maintaining the current market conditions.

Could it be because the Federal Reserve Banks have significant investments in NDX stocks and other equities?<g> Hasn't Alan been preaching for months about how the banks should reduce risk? I've seen the data before but can't remember where, might be the Fed's NY site.

Cheers,

Lee


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