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To: Bosco who wrote (9885)2/17/2001 8:39:20 AM
From: William Hunt  Read Replies (1) | Respond to of 14638
 
Bosco ---Good Morning ---after yesterday anything is good .
I am not as worried about the interest rates cuts as liquidity ( M2 supply ) . As long as that keeps growing we will rebound from this financial shock . Part of the reason for bubble in the market was the extra cash the FED put into the market for Y2K and then took out last year in the first half . M2 is growing a very fast rate since the first of this year :
stls.frb.org

BEST WISHES
BILL



To: Bosco who wrote (9885)2/17/2001 8:48:18 AM
From: Kenneth E. Phillipps  Respond to of 14638
 
Bosco, Chambers says we are in a recession so I suppose that makes it official. <g>

biz.yahoo.com



To: Bosco who wrote (9885)2/17/2001 8:56:29 AM
From: Scripts  Read Replies (1) | Respond to of 14638
 
Greenspan didn't see the current problems 3 months ago. Roth didn't see his/our problems 3 weeks ago. Virtually nobody on SI or in the analysts offices saw either. Only a few (Sagawa was it?) saw the immediate future and they were declared nuts or serving their own interests.

Still self confidence is unshaken on SI. 6 months of downturn or 12 months of downturn--which will it be?

. As Leonard Cohen said "Everybody Knows".