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To: pater tenebrarum who wrote (52924)1/2/2001 4:25:27 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
check out Noland's latest piece with the musings of AG ...

Maybe AG was just talking about rates ... I don't know. I can't figure the guy out ...

gold-eagle.com

AG ->
>>The bursting of the Japanese bubble a decade ago did not lead immediately to sharp contractions in output or a significant rise in unemployment. Arguably, it was the subsequent failure to address the damage to the financial system in a timely manner that caused Japan's current economic problems. Likewise, while the stock market crash of 1929 was destabilizing, most analysts attribute the Great Depression to ensuing failures of policy. And certainly the crash of October 1987 left little lasting imprint on the American economy <<



To: pater tenebrarum who wrote (52924)1/2/2001 4:29:07 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
thnks.... not much doubt about what THIS fed will do of course: cut, cut, and more cuts.... the market has not grasped the gravity of the situation, the barometer for which is gold IMO.

DAK