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To: mishedlo who wrote (3172)7/29/2000 10:15:24 PM
From: Morris Catt  Respond to of 13572
 
M,
Has the Fed over done it? I think so but time will tell. Often in the past the Fed has overdone things both ways and they certainly overdid the opening of the money supply spigot last Aug through Dec. It was opened so much that it looks like Greenspan wanted to cause some inflation maybe?

Recession - I don't know. US$ now one of strongest in world - will it weaken - no opinion.

Sorry, that's the best I can do.

Regards
Mac