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To: Haim R. Branisteanu who wrote (127670)	10/5/2001 1:42:16 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

Haim, i disagree that this bust would have been curable with monetary stimulus. otherwise the stock market wouldn't have reacted with a 1930's style collapse to the rate cuts. this bust is unlike any other we have witnessed since the end of WW2 - it's the first deflationary recession since the Great Depression. the additional troubles arising from the WTC attack imo merely accelerated a bust that was already well underway.