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To: michael97123 who wrote (44606)12/15/2000 1:27:38 PM
From: James F. Hopkins  Respond to of 77397
 
He may be to late now..if the banks crash it's all
over. And about 2 yrs ago they de-regulated most banks
to where they could hold stocks like they were a reserve,
I knew that was a screw up..all they can do now is put
all the S.S. money into it to feed the crooks that
last little dab.



To: michael97123 who wrote (44606)12/15/2000 2:44:14 PM
From: Eric  Read Replies (1) | Respond to of 77397
 
The problem here is that Greenspan has a history of changing rates too late. With the magnitude of the slowdown we are experiencing at this very moment I doubt very much that he will cut rates fast enough to have a soft landing.

I would not have said that a month ago. The evidence is getting pretty conclusive now.

Eric


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