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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (4843)	3/2/2001 8:57:42 PM
From: Rich1	Respond to of 15481

LOL... Read a Macroeconomicsa professor's quote tonight.. Every recession in the history of the U.S. has been caused by a Fed overzealously raising rates.. From Fridays Big Report... <. Third, according to Joel Prakken, president of Macroeconomic Advisers of St. Louis, one of the nation's leading forecasting firms, "the reason we have trouble calling recessions is that all recessions are anomalies. Every modern recession has been caused by a combination of overly aggressive interest rate increases by the Federal Reserve, which weakens the economy, and some 'external shock' that pushes it over the edge." >