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To: Perspective who wrote (135914)	11/27/2001 7:45:47 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 436258

Bobcor, at 2%, the Fed tells us that have 20 more half percent rate cuts still to do. Which tells us a lot about this Fed. <g>

To: Perspective who wrote (135914)	11/27/2001 7:49:59 PM
From: S. maltophilia	Respond to of 436258

<<`The danger in waiting is that inflation might drift lower, ruining the ability to drive the real fed funds rate into negative territory as might be necessary,'' he said.>>] I'm sure lenders will be happy to accommodate him then.<g>

To: Perspective who wrote (135914)	11/28/2001 3:25:17 AM
From: oldirtybastard	Respond to of 436258

those f*cks keep bringing up their Sept. 11 excuse, I guess they forgot the Million people that were laid off before the flight attendants?? Ironically, I think Sept. 11 will do more economic damage not in and of itself but in that it gave the Fed license to continue and even increase their irresponsible behavior. How is everyone convinced they still have control after statements like this: ``The danger in waiting is that inflation might drift lower, ruining the ability to drive the real fed funds rate into negative territory as might be necessary,'' he said. It's already too late, imo, they are trying for this short term save because they think or have to pretend to think in public that this is a 2 year problem, LOL...a little inflation, a few lost jobs, no pay raises, and by the 2nd half of the 2nd half of 2001, no wait, 2002, everything will bounce back just like new because they gave us their holy stimulus from on high. I guess a slew of bankruptcies or Enron type blowups will put a damper on their plans, but so long as everyone can meet their monthly payments we can pretend to remain optimistic. After all, every publicly traded company told us they are "well positioned" a few times this year. On second thought, maybe a special session of Congress can change our calendar to only 6 months so there will be less payments to make and defaults won't be as immediately known. In all seriousness, their next desperation move will probably be no less outlandish.