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To: NOW who wrote (58448)1/16/2001 11:14:16 PM
From: pater tenebrarum  Respond to of 436258
 
well, he TOLD us. they practically admit openly now that the stock market IS their target, as soon as it's going down that is. and their actions speak even louder than their words, with unusually large amounts in repos and coupon passes being thrown at the problem. money supply expansion is re-accelerating from already very high levels, barely missing a beat. the most inflationist incarnation of the Fed EVER.