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To: Les H who wrote (138715)12/14/2001 12:44:28 PM
From: Petrol  Respond to of 436258
 
LOL Definitely a dope groove

<<While the rave was "definitely a dope groove," Fed Governor Bradley Muer said members did exhibit restraint. "Some people were going to candyflip (combine Ecstasy with acid), but most of us are Old Economy, and acid just seemed more traditional," he said.>>



To: Les H who wrote (138715)12/14/2001 4:00:13 PM
From: chris714  Respond to of 436258
 
LOL...Hilarious



To: Les H who wrote (138715)12/15/2001 2:23:59 AM
From: patron_anejo_por_favor  Respond to of 436258
 
ROTFLMAO! This would explain their latest policy...errr...DECISIONS!<G>

The closed-door session of the Federal Open Market Committee reportedly began with Greenspan discussing his upcoming Congressional testimony. However, it quickly raved-up after an unidentified staffer, frustrated at not being able to understand the opaque chairman, passed around tabs of Ecstasy and LSD, which he identified only as "Greenspan Decoders."

"About 45 minutes later, (Fed Governor) Nathan Gladstone says to me, 'Julie, can you bring us the reports on monetary interventions, bond yields, and three dozen pacifiers?'" recalled Lindstrom. "Then we ordered some glowsticks and Jurassic-5 CDs, and the Open Market meeting got really, really open."....

....Hours later, the board finally agreed to cut rates half a percentage point. Initially, said Cohen, committee members decided to lower rates by 8 million basis points, from 2.00 to minus 7,999,998, but were talked out of it by an art deco wall sconce that claimed it was Cary Grant.


Phew! Good to know there are still inflation hawks on the FOMC!<VBG>



To: Les H who wrote (138715)12/15/2001 8:47:12 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
Economists predict recovery and inflation, not deflation

msnbc.com



To: Les H who wrote (138715)12/16/2001 7:00:19 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
What's with the SPY recently trading at a premium to the underlying
index, the SPX, in recent days? I know there can often be
discrepancies between price at the end of the day since the two close
trading at different time. It seems to be persistent and roughly 5
SPX points above the underlying.

quote.yahoo.com

>>it's 7 pm and the message showed up more than 30 minutes late.