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To: Mary Cluney who wrote (122888)12/14/2000 7:29:00 PM
From: Jim McMannis  Respond to of 186894
 
RE:"When you raise interest rates like crazy 5 or 6 times in a short period of time,"
---
18 months is historically not a short period of time for raising rates. It's a long time. It proved to be too slow. There were other factors pumping the economy out of control as well. One reason the rate hikes took so long to work.

Jim



To: Mary Cluney who wrote (122888)12/14/2000 7:44:14 PM
From: Road Walker  Respond to of 186894
 
Mary,

Uh, I think that's what we were saying.

John


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