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To: t2 who wrote (14427)11/28/2000 11:07:24 PM
From: Jack T. Pearson  Respond to of 24042
 
I don't think things are as bad as everyone is saying in the economy; otherwise Greenspan would have cut already or at least gone to neutral bias.

I disagree. If experience (1990) is any indicator, the Fed response will be too little, too late.



To: t2 who wrote (14427)11/29/2000 9:23:52 AM
From: Gerald Walls  Read Replies (1) | Respond to of 24042
 
I don't think things are as bad as everyone is saying in the economy; otherwise Greenspan would have cut already or at least gone to neutral bias.

Greenspan may be willing to take extra short-term pain if he believes he's adverting a long-term catastrophe. Check out this mythical chat with Greenspan by Cramer. Although mythical, there are some valid things it in to think about...

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