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To: Roebear who wrote (88836)3/19/2001 1:15:31 PM
From: Hawkmoon  Respond to of 95453
 
"The only time a third Fed rate cut did not prevent a further drop in the markets was during the Great Depression"

Well, it would seem this would make this rate cut tomorrow the Fed's last opportunity to not see a reoccurence of that truism, if accurate.

And it means they will have to cut hard and heavy to shake the the economy out of its lethargy.

Regards,

Ron


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