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To: LLCF who wrote (5722)7/25/2000 3:50:28 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 436258
 
David fact is that the FED was or possible is worried about the high level of debt, they had a research paper published recently on that.

If public debt is no worry then why research it?? same apply to inflation.http://www.ny.frb.org/rmaghome/curr_iss/ci6-7.html

I think that since 1994 wen Robert Rubin enter the scene in full force he changed the way this administration handles the financial markets. It worked for a while and now it is a clear political tool.

Any scrutinity of earnings reports reveal financial engineering and if a company has a clean report the stock trades in 3 digits earnings multiple.

The issue of value evaporated from the conciousness of most people.

Haim



To: LLCF who wrote (5722)7/26/2000 12:17:58 AM
From: Mike M2  Respond to of 436258
 
David, Greenspan was critical of the Fed's easy money policies of the 20's gold-eagle.com Mike


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