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To: pater tenebrarum who wrote (100517)5/8/2001 12:59:36 PM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
that's EXACTLY how i see this sh*t playing out



To: pater tenebrarum who wrote (100517)5/8/2001 1:57:30 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
Well, please except Kasriel.
<nobody is worried about inflation...not one economist, mainstream or otherwise, expects it. >



To: pater tenebrarum who wrote (100517)5/8/2001 3:29:06 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 436258
 
It would seem it is no different than the 1930's then, where interest rate hikes were used to stem gold outflows.

This time, instead of gold, we use floating exchange rate dollars and inflation.

This is the thesis I have thought all along. History is bound to repeat itself.



To: pater tenebrarum who wrote (100517)5/8/2001 5:36:42 PM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
The Indication That Lower Productivity Will Cause The Fed To Lower Rates

Is either made by someone with no knowledge of economics or no scruples.

Whatever happens, the claim is made that it will cause the Fed to lower rates.

I'm sure when the data about inflation becomes irrefutable, although the Q1 5.2% increase of labor costs over the Q4 increase of 4.5% seems kind of obvious, I'm sure they will indicate that it is good because it will cause the Fed to ease.
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