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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: SecularBull who wrote (132161)3/16/2001 3:38:23 PM
From: chic_hearne  Respond to of 769670
 
Raising rates was like throwing gasoline on it. Perhaps you should look past 1929...

"In 1929, the N.Y. Fed cut rates from 6% to 3 1/2% in just 7 months. When confidence vanishes, this is the result."

Message 15114342

hmmmm, kind of sounds familiar ehhh?