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To: craig crawford who wrote (4824)1/13/2001 7:28:53 PM
From: patron_anejo_por_favor  Respond to of 57684
 
Craig: I agree. Although liquidity traps make rate cuts and liquefication less efficient, they CAN be overcome (at least temporarily) if the easing/printing are aggressive enough (albeit at the cost of higher inflation, weaker dollar, further extension of leveraging etc.) Certainly politically there will be increasing pressure on AG to loosen. Time will tell....but certainly a decent bear market rally is possible for at least a few months, especially if the Fed decides they they can accept higher inflation.

Regards,

Patron