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To: NOW who wrote (11902)8/17/2000 5:40:44 PM
From: pater tenebrarum  Respond to of 436258
 
see? and they say, don't fight the Fed. normally the imbalances of the bubble economy would have long ago forced their hand. but in conjunction with the funny government stats and Greenie's recent statements regarding the credit excesses ("not bad"), it is no wonder they are in pedal to the metal mode.

as we have seen in April, even a slight slowing down of the credit expansion immediately leads to a collapse of the bubble....