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To: GraceZ who wrote (90656)4/5/2001 6:39:28 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 436258
 
>>Wasn't all this true two years ago, why does it matter now when it didn't matter then?<<

i bet somebody who dumped all their dough in the market for the past 2 years thinks it matters. they've lost their proverbial butt. i can't believe you think it didn't.

>>If the economy is collapsing why is the fed funds rate continually rising above the target rate? There is demand for funds, where is that coming from if everyone is pulling in their horns?<<

rome wasn't built in a day and few economic disasters occur over night.

i'll add another fact. in 2000, $2 was traded for ever dollar that purchased goods. that ratio was last witnessed in 1929.



To: GraceZ who wrote (90656)4/5/2001 7:15:31 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
Money supply is definitely drying up. Commercial paper outstandings are dropping like a rock - have been ever since the beginning of the year. Banks are tightening lending standards.

federalreserve.gov

federalreserve.gov