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To: ahhaha who wrote (81590)	3/16/2001 2:05:37 PM
From: LLCF	Read Replies (4) \| Respond to of 436258

< They didn't do that in the early '30s. It is almost certain that they will do that now.> The fed cut rates quickly and deeply in 30-31. It's not clear to me that lowering rates will help the system that much, it lowers the borrowing cost to banks against their loans out increasing their spread. That's about it... unfortunately for them the other side of the spread may indeed return less then their borrow cost even @ zero. < We have the problem and its chronic. Their rationalization for doing it is that inflation is acceptable if reducing unemployment is expedient. > Got gold? DAK

To: ahhaha who wrote (81590)	3/16/2001 2:20:10 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

ahhah, throwing credit at an economy works until it doesn't. just like going long a bubble market. the problem is, the more you manipulate, the more tl & ev you feel when it doesn't work anymore. japan had a big bubble and look at what happened. negative interest rates didn't deter them from saving. yes, negative rates. a guy on another thread recently purchased a condo in japan for $250k us dollars. the guy he bought it from paid $3 million. this is why i won't work in soon to be silicon back alley. our bubble was even larger. if busts are relative to booms, look out below.

To: ahhaha who wrote (81590)	3/16/2001 2:21:46 PM
From: NOW	Read Replies (1) \| Respond to of 436258

As someone here once said: "Finite existence leads the idealism of desire for prpose to a quiet rejection of non-action based on unseen principle"