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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (1681)	1/6/2001 2:59:36 AM
From: Steve Hegji	Read Replies (2) \| Respond to of 74559

The Japanese tried cutting rates - practically to zero - and it didn't work for them. We're in a similar situation.

To: Rolla Coasta who wrote (1681)	1/6/2001 12:49:16 PM
From: Mike M2	Read Replies (1) \| Respond to of 74559

QPK, here is a chart of the Fed's easing in response to the 1929 crash services.elliottwave.com looks very aggressive to me. The Austrian economists are critical ( rightly so IMO) of the monetarists for completely ignore the role of non bank credit in the 20s bubble. This is important in the current situation since in 1998 more credit was created outside the banking system for the first time ever - GSE are the major source of nonbank credit I suppose. Mike