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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (714)3/6/2001 10:05:11 PM
From: Gary D  Respond to of 10065
 
Greenspan's plan:

ntrs.com

Excerpt:

"Translating Greenspan's words into more basic English, he is saying that rapid production and spending cutbacks could sharply reduce business and consumer confidence; and, in recognition of this risk, the Fed should ease policy quickly and forcefully - i.e., more aggressively than the most likely economic scenario would call for. While unstated, this, in turn, implies that, when the risk is passed, the excess easing should be quickly reversed."

Recipe for M.O.A.B.O. in 2002??