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To: Don Lloyd who wrote (104718)5/24/2001 8:28:45 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
Or they're interfering with what the market would normally most efficiently make available capital. By raising short-term rates too fast, they could shorten the window during which mortgage refinancing would make available money for savings and consumption anyways. Instead, he's piling on debt to fluff the markets, hoping for positive cash flow to come along later to maintain the markets on their own. Greenspan a financial fluffer.



To: Don Lloyd who wrote (104718)5/24/2001 10:19:04 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
Agreed. I'm sure what they're trying to accomplish is to keep the economy growing... ie. stave off a recession. So.... I'm assuming that until which time the economy bottoms they'll keep easing. It'll be interesting, I'm amazed at the buying in the market which at these levels appears to me to be a bet that we've not only bottomed, but that fast growth will return rather quickly. WTFDIK

DAK