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To: Skeeter Bug who wrote (128549)7/18/2001 7:16:03 PM
From: schrodingers_cat  Read Replies (4) | Respond to of 164684
 
>almighty fed has no more power to stop it now than the japanese central bankers in the early 90s.

I think that the difference between the US today and Japan in the early 90s is that Japan's banking system suffered serious bad debt problems, while the US system is still reasonably healthy. Interest rates won't make much difference if the banks are unable or unwilling to lend.


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