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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: FR1 who wrote (9713)9/18/2001 4:36:47 AM
From: LLCF  Respond to of 74559
 
<I think the last collapse came completely from AG. He decided to raise rates up to 6.5% and sit on it until he saw hundreds of thousands of pink slips. He did all this not because we had out of control inflation but because he had some theoretical hunches and academic models.>

He did this because he watched in horror as Banksters sold equity to the public which had no chance to make ANY return for anyone ever. The biggest bubble of all time... and he didn't want it bigger.

DAK



To: FR1 who wrote (9713)9/18/2001 7:59:23 AM
From: tradermike_1999  Read Replies (1) | Respond to of 74559
 
HIstory has shown that the more active the Federal Reserve is and the more volatile its interest rate policy the worse the economy performs. When the Fed sits and does little the economy does better.