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To: Tommaso who wrote (120246)9/9/2001 10:04:40 PM
From: robnhood  Read Replies (1) | Respond to of 436258
 
Those two or three miniscule hikes were nothing---- The problem was the ease and pumping before that. A bubble cannot expand forever.. Did you not see a list this morning of a handfull of dot.coms that at one point were valued at more than the entire US GDP?
Zero will be better than most investments.....



To: Tommaso who wrote (120246)9/9/2001 10:12:59 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<I don't think the Fed will take rates to zero. Do you? Really? >

I do... Japan did and all the talking heads over here [including GreenJeans] have been abusing them for not being loose enough. The dollar will be sacraficed in a nano-second. GOT GOLD?

Never mind... I see this from your own post, pounding the table, in effect on the yellow dog:

<They don't want another Great Depression. if we were still on a gold standard, a huge deflationary depression would be inevitable, because the gold standard would limit monetary creation. But the Fed can create credit without limit and has pretty much been doing so for the last six months.>

DAK