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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (34306)5/22/2000 1:22:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
George, that's Al's fault for bailing the speculators out time and again. had he not done that, the market would have less incentive for flipping him the bird.
apparently (if the reports are credible) he was voting for 25 bps. at the last meeting. i expected him to prevail...i was genuinely surprised that they went for 50 bps.
it's simply not Al's style to get into the way of the bubble....



To: Crimson Ghost who wrote (34306)5/22/2000 1:25:00 PM
From: marginmike  Respond to of 42523
 
George whats ironic though is that if the NAZ goes to 29-3 and dow stay down for 2-3 months the economy will slow substatially, thus preventing future hikes. I believe next FED will be .25 then if wealth effect reverses the selloff will be finnished.


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