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To: KeepItSimple who wrote (23395)4/5/2000 7:01:00 PM
From: patron_anejo_por_favor  Respond to of 42523
 
Right. It's the PPT's mutant twin, the printing press team!



To: KeepItSimple who wrote (23395)4/5/2000 9:54:00 PM
From: pater tenebrarum  Respond to of 42523
 
KIS, re: the Fed's printing and the market: i agree 100%. it seems to me they are trying to forestall a liquidity crunch that is already being felt in the credit markets, and has partially infected the stock market as well.
however, to their chagrin they may well learn that stock markets can implode even while the Fed prints gobs of money.
they have last learned (and now forgotten) that lesson in the period beginning with the '29 debacle. contrary to what easy Al says in public, it was NOT the Fed's failure to apply appropriately loose policy following the crash that led to the depression. on the contrary, it was the credit and asset boom that preceded it that was responsible. same as in Japan.