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To: NOW who wrote (38175)11/16/2000 5:48:19 PM
From: pater tenebrarum  Respond to of 436258
 
geez...from experience, AG likes nothing better than to print more...in that sense the guy is right, i.e. they'd love to drop the bias. they probably WILL at the next FOMC meeting if stock prices continue to plunge. i imagine a scenario not unlike what happened in Japan...the first rate cut will bring about a rally, which will then fizzle as it becomes clear that liquidity trap mechanics are in force. just a guess at this point of course.